You are here

Category: Governance

The Makuta Ya Maendeleo Consortium launches the interactive platform for information on the management of mining royalties. 1 Mining in DRC Environment Social Governance (ESG) Governance 

The Makuta Ya Maendeleo Consortium launches the interactive platform for information on the management of mining royalties.

arnbethnic
The Makuta Ya Maendeleo Consortium is pleased to announce the launch this Friday, September 02, 2022 of the interactive platform dedicated to the disclosure of information on the collection, distribution and allocation of mining royalty funds paid by mining companies to provinces and decentralized territorial entities (ETD) in the Democratic Republic of the Congo.  The platform publishes amounts to be paid to provinces and ETDs based on debit notes issued by mining divisions and amounts actually collected by these sub-national entities. It also includes an interactive map to view and locate… Read More Here
FEC calls on DGDA to cancel all STDA-related missions in Haut-Katanga, Lualaba and Tanganyika in the DRC 2 Mining in DRC Governance 

FEC calls on DGDA to cancel all STDA-related missions in Haut-Katanga, Lualaba and Tanganyika in the DRC

arnbethnic
The question of the Excise Duties Traceability System (STDA) has been the bone of contention for some time between the Federation of Congo Enterprises (FEC) and the Customs and Excise Department (DGDA). It is in this context that Congolese employers call on the DGDA to cancel all missions relating to the identification, training and registration of industrialists and importers of excise products as well as the installation of STDA machines within production units in the Provinces of Haut-Katanga, Lualaba and Tanganyika. In a letter addressed to the Director General of… Read More Here
The DRC 2023 draft budget amounted to 14.6 billion USD 3 Mining in DRC Economy Governance 

The DRC 2023 draft budget amounted to 14.6 billion USD

arnbethnic
The Sama Lukonde Government is betting on tabling the 2023 Draft Budget on September 15, 2022 in parliament, in accordance with the instructions of the Head of State Félix Tshisekedi.   “At the latest adjustments, the central government budget for the 2023 financial year is presented in balance, in revenue and expenditure, at 29,511.1 billion FC (14.6 billion USD), i.e. an increase rate of 32.6% compared to the Law for the financial year 2022 amounting to 22,253.0 billion FC”, reveal the documents of the Minister of the Budget submitted to the… Read More Here
Mining in the DRC at the center of a training workshop for heads of provincial divisions of mines and geology 4 Mining in DRC Governance Mining Policy 

Mining in the DRC at the center of a training workshop for heads of provincial divisions of mines and geology

arnbethnic
The heads of the country’s provincial mining and geology divisions are in Kinshasa for a workshop from August 31 to September 2 on capacity building. This meeting, which focuses on mining in the country, has as its theme “Achieving the same level of perception and use of work tools in the mining sector”, both industrial and artisanal, in the light of the new Mining Code and its enforcement measures. “The Provincial Divisions representing the basic structure for the actions of the Ministry in the hinterland, it pleased the authority of the… Read More Here
The British Chamber of Commerce Zambia (BCCZ) Commends Government On Improved Investment Climate 5 Mining in Zambia Governance 

The British Chamber of Commerce Zambia (BCCZ) Commends Government On Improved Investment Climate

arnbethnic
LUSAKA, ZAMBIA – The British Chamber of Commerce Zambia (BCCZ) has commended the New Dawn government for improving Zambia’s investment climate and restoring investor confidence in the local economy as the government marks its first year in office.BCCZ Chief Executive Officer John Paton said the Hakainde Hichilema-led government has made significant strides towards making Zambia a favourable investment destination in the region, attracting local and foreign investors into the local economy.“In just one year, Zambia has gone back to being a positive economic and political story for the rest of the… Read More Here
Some councils in Zambia have confirmed failure to collect levies from big mining companies 6 Mining in Zambia Economy Governance 

Some councils in Zambia have confirmed failure to collect levies from big mining companies

arnbethnic
Despite copper prices and other minerals mined enjoying excellent international prices and Zambia having over eight (8) large scale copper mines, local authorities mostly known as councils have reported having serious challenges collecting land rates and other levies from mining companies. Most council officials and contacts spoken to by the Zambian Business Times – ZBT have indicated that compliance levels from mining companies are too low, and when the councils push for collections, there is heavy political interference from senior government officials and politicians which make it impossible to collect… Read More Here
DRC: US ​​encourages government to review certain mining contracts 7 Mining in DRC Governance Mining Policy 

DRC: US ​​encourages government to review certain mining contracts

arnbethnic
The United States has its sights set on Congolese mines. World power, the country of Joe Biden is aware of the place occupied by the DRC in world geopolitics. In 2019 alone, the DRC provided 71% of the world’s cobalt production (100,000 tons out of 140,000). This ore is essential for the manufacture of batteries for smartphones or electric cars. The Congolese extractive sector contributes over 70% of export earnings and is the main driver of the country’s economic growth. The country is dependent on China, which buys around 58% of its exports, if we… Read More Here
Here is the list of 14 taxes abolished in DRC and 20 other taxes affected by the reduction in their rates 8 Mining in DRC Governance Taxes 

Here is the list of 14 taxes abolished in DRC and 20 other taxes affected by the reduction in their rates

arnbethnic
The Government of the Democratic Republic of Congo (DRC) has decided to abolish 14 fiscal levies (taxes) and to lower the rate for 20 other import and export taxes. It is indeed a response adapted to the urgency of improving the business climate in a context of multifaceted crises due, among other things, to the effects of the Covid-19 pandemic and the harmful repercussions of the Russian-Russian conflict. Ukrainian. In their efforts, the Congolese authorities intend to make the Congolese economy more competitive and attractive in the sub-region in order… Read More Here
Zambia is considering reversing the purchase of 90% stake in Mopani by ZCCM-IH 9 Mining in Zambia Copper Environment Social Governance (ESG) Governance 

Zambia is considering reversing the purchase of 90% stake in Mopani by ZCCM-IH

arnbethnic
The Zambian government is considering reversing the Glencore – Mopani deal. The Zambian Mines Minister Hon. Paul Kabuswe said in a statement, that the deal’s contract does not seem to favor Zambian interests at all. This is made worst by the fact that this deal was made at a time close to Glencore’s recently revealed corruption scandals. Last year ZCCM-IH got overwhelming support from its sharholders for its acquisition of a 90% stake in Mopani Copper Mines (MCM). Glencore agreed to sale its majority stake in Mopani to ZCCM-IH in… Read More Here
DRC government will abolish 14 levies and reduce 20 others to improve the business climate 10 Mining in DRC Economy Environment Social Governance (ESG) Governance 

DRC government will abolish 14 levies and reduce 20 others to improve the business climate

arnbethnic,
The file relating to the identification of arbitrary levies was adopted by the government at the 61st meeting of the Council of Ministers on Friday July 8, 2022. This, within the framework of the government reform on the improvement of the business climate in the Republic Congo Democratic. In his presentation, the Minister of Foreign Trade Jean-Lucien Bussa indicated that one of the missions assigned to him is the identification of arbitrary levies with a view to rationalizing import and export taxes and reducing costs. and deadlines. “He indicated that… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.