DRC Sets July Deadline for Mining Companies to Implement Local Ownership Rules
DRC Requires Mining Firms to Transfer 10% Ownership Stakes to Congolese Nationals Under Mining Code The Democratic Republic of Congo (DRC) will begin enforcing a long-delayed requirement requiring mining companies to allocate local ownership stakes to Congolese nationals from July 31, 2026, as the government moves to increase local participation in the country’s mining sector. The requirement, introduced under the 2018 Mining Code, requires mining companies to transfer 10% of their equity to Congolese citizens, including a 5% stake reserved for employees. However, no mining company has yet implemented the…
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