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Category: Mining Policy

Zambian Govt awards mines more tax exemptions 1 Mining in Zambia Copper Mining Policy 

Zambian Govt awards mines more tax exemptions

arnbethnic
Finance Minister Situmbeko Musokotwane has yet again given mining companies more tax exemptions by suspending import taxes on mining equipment and machinery. This is additional to the making of mineral royalty tax deductible which resulted in the country losing about $200 million in lost revenue. Mineral Royalty Tax (MRT) was introduced to bring certain loss making mining companies on the tax base as most mining corporations were declaring losses and the tax authorities have no capacity to find loopholes in their tax declarations, which made it difficult to tax the… Read More Here
A summit on the industrialization of southern Africa held in the DRC 2 Mining in DRC Mining Policy 

A summit on the industrialization of southern Africa held in the DRC

arnbethnic
A dozen Heads of State of the Economic Community of Southern African States (SADC) held a summit on Wednesday in Kinshasa on the industrialization of the sixteen member countries of the sub-region, called upon to develop their own “value chains”, noted an AFP team. The theme chosen was: “Promoting industrialization through agro-processing, mineral beneficiation and the development of regional value chains with a view to achieving inclusive economic growth”. “There is no one outside of Africa who will come and build Africa the way we want it to be built,”… Read More Here
DRC: US ​​encourages government to review certain mining contracts 3 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
Gécamines Environment Social Governance (ESG) Mining in DRC Mining Policy 

GECAMINES: trade unionists accuse IGF inspectors of “bad treatment” of agents

arnbethnic
GECAMINES: trade unionists accuse IGF inspectors of “bad treatment” of agents and call on Jules Alingete to call them to order The trade unions representing the Générale des Carrières et des Mines (GECAMINES SA) and the Permanent Trade Union Bureau have sent, since July 30, 2022, a correspondence of indignation to Jules Alingete, Inspector General of Finance Head of Department at the IGF, a copy of which was sent to ACTUALITE.CD. In this missive, the trade unionists of this company in the portfolio of the State, deplore the attitude of the… Read More Here
DRC's Didier Budimbu is mobilizing some investors for the next calls for tenders for oil and gas blocks 4 Oil & Gas Mining in DRC Mining Policy 

DRC’s Didier Budimbu is mobilizing some investors for the next calls for tenders for oil and gas blocks

arnbethnic
The Minister of Hydrocarbons, Didier Budimbu has been staying in Kuwait since this Thursday, April 28, 2022. In his suite, he is accompanied by the ad interim Director General of the national hydrocarbons company of Congo, Sylvie Ntazambi Bizitu as well as the delegation of the company Surestream of the Ledya group led by its PCA, Claude Bossio wa Bossio. The purpose of this working visit is to discuss with the head of the group Alghanim International general, trading Fouad Alghanim specialized in oil and gas logistics on the various… Read More Here
The DRC recovers the disputed mining and oil assets of the Ventura group in an agreement signed with Dan Gertler 5 Mining in DRC Governance Mining Policy 

The DRC recovers the disputed mining and oil assets of the Ventura group in an agreement signed with Dan Gertler

arnbethnic
The Democratic Republic of Congo signed an agreement with Israeli businessman Dan Gertler on Thursday, February 24, which allows the country to recover the disputed mining and oil assets of the Ventura group in the DRC. This is announced by the Presidency of the Republic.  This agreement signed amicably between the DRC and the Ventura company of the Israeli Dan Gertler aims to put an end to the legal disputes which opposed the two parties.  For the Presidency of the Republic, this is a “historic first for the country which thus… Read More Here
The DRC and the USA, strengthening partnerships in the mining sector and the fight against child labor 6 Mining in DRC Governance Mining Policy 

The DRC and the USA, strengthening partnerships in the mining sector and the fight against child labor

arnbethnic
The Deputy Minister of Mines, Godard motemona exchanged, Friday, January 28, 2022 at the residence of the American diplomat in the DRC Mike Hammer, with a delegation of American officials led by the Deputy National Security Advisor of the United States of America, Daleep Singh. The United States of America promises to continue to support the Democratic Republic of the Congo in securing mine sites and combating child labor in mines.  Indeed, the head of the American delegation, first of all, expressed to the Deputy Minister of Mines, Godard motemona… Read More Here
DRC mining reserves have not been undervalued in Sino-Congolese contracts, says BCPSC 7 Mining in DRC Mining Policy 

DRC mining reserves have not been undervalued in Sino-Congolese contracts, says BCPSC

admin
The communication service of the Sino-Congolese Program Coordination and Monitoring Office (BCPSC), Monday, December 6, provided an update on the alleged corrupt practices in which structures and certain Sino-Program officials are said to have become involved. Congolese, according to the Congo Hold-Up survey. The latter dwelled on the projects of the Sino-Congolese program, in particular mining, infrastructure projects and the Busanga hydroelectric power station. The BCPSC communication service specifies that the Busanga Project does not enter into the accounts of SICOMINES. “SICOHYDRO, BUSANGA hydroelectric power station is a private project carried… Read More Here
Infrastructures, TFM lays the groundwork for a sustainable development of communities in DRC 8 Mining in DRC Corporate social responsibility Mining Policy 

Infrastructures, TFM lays the groundwork for a sustainable development of communities in DRC

arnbethnic
The backbone of community development, infrastructure is one of the major community commitments of Tenke Fungurume Mining, a subsidiary of China Molybdenum, CMOC in short. The company aims to raise the standard of living of the populations living in its concession. This objective requires the consideration in symbiosis of several infrastructural fronts touching several basic sectors of the life of the communities. These are in particular the areas of roads, electricity supply, health and access to water, education, agriculture, etc. The electrification of Fungurume, now a reality It took almost two years, and… Read More Here
Covid-19 response Felix Mining in DRC Governance Mining Policy 

DRC president demands audit of mining registry to fight fraud

arnbethnic
Democratic Republic of Congo President Felix Tshisekedi has demanded a ban on issuing and trading mining permits until the country’s mining registry has been audited, a measure aimed at combating fraud within the sector. Tshisekedi told ministers he wanted to end the squandering of mining assets by unnamed political actors and officials involved in the administration of the mining register, which records mining concessions, according to minutes of the meeting seen by Reuters. “This recommended clean-up will increase the contribution of the mining sector to the state’s budget and help,… Read More Here

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