Mining Policy - Copperbelt Katanga Mining

DRC: Mike Hammer launches the “Makuta ya Maendeleo” for mining royalties paid to ETDs 1

The Ambassador of the United States in the DRC, Mike Hammer, launched this Monday July 26 in Kinshasa, the project “Makuta ya Maendeleo” or “Money for Development”. A project supported by the US State Department, through its embassy in the DRC, implemented by the Carter Center, Resource Matters, and their partners, which focuses on transparent and prudent management of mining royalties paid to Territorial Entities Decentralized (ETDs) and the Mining Fund for Future Generations, (FOMIN). In his speech, Mike Hammer, American ambassador to the DRC, hammered home the concern of the… Read More Here

Mining in DRC Mining Policy

Barrick working with new DRC govt on outstanding legal, fiscal issues

July 12, 2021July 12, 2021 admin

Gold miner Barrick Gold is strengthening ties with the recently appointed government in the Democratic Republic of the Congo (DRC) and is working towards an “amicable solution of some outstanding legal and fiscal issues”, CEO Mark Bristow has said. Briefing the media about developments at the Kibali mine, in the DRC, and the Tongon mine, in Côte d’Ivoire, at the weekend, he said Barrick’s success in building and operating the Kibali mine in a remote part of the DRC was attributable to the mutually beneficial partnerships it had forged with its in-country… Read More Here

Mining in DRC Mining Policy

Kinsevere and government meetings in Kinshasa

July 10, 2021July 10, 2021 admin

The status of Kinsevere activities, business climate challenges, environmental tax as well as value added tax (VAT) reimbursement and Central Bank BCC matters, were recently discussed with Democratic Republic of Congo (DRC) Government officials. Kinsevere is advocating in good faith with DRC authorities in a bid to reassure our shareholders that we are serious about forming a win-win partnership. The MMG Commercial and Stakeholder team, led by Deputy GM Mr Dexiao Qi, met with Nicole Bwatsha the President Deputy Chief of Staff in charge of Legal / Diplomatic matters, Antoinette… Read More Here

Mining in DRC Mining Policy

DRC: Congo is not for sale recalls the state losing more than $2 Billion USD to assets enjoyed by Dan Gertler

June 21, 2021June 21, 2021 admin

The Congo is not for sale campaign recalls that Dan Gertler continues to benefit from other important assets, notably in the mining sector of the DRC, which have already caused the Congolese state to lose more than $ 2 billion and which continue to generate him more than $ 200,000 a day despite the American sanctions for corruption. This media release of these civil society actors comes after the announcement of the Congolese authorities of the expiry of the research permits for blocks 1 and 2 of the Graben Albertine,… Read More Here

Mining in DRC Mining Policy Mining tax

DRC: Jean-Pierre Kiwakana calls for transparency in the management of mining revenues

June 3, 2021June 6, 2021 admin

During the closing ceremony of the April 2021 session, held on Tuesday, June 1 at the People’s Palace, the President of the Economic and Social Council (CES), Jean-Pierre Kiwakana Kimayala, appealed to the government for transparency in the management of mining revenues, especially since mining is a sector likely to boost the development of the Democratic Republic of the Congo. “The CES in its recommendations on the mining sector, encourages sustainable local development from the transparent and adequate management of mining revenues generated by the mining royalty, the 0.3% allocation… Read More Here

New Mining Projects Copper Mining in DRC Mining Policy

Ivanhoe’s response regarding copper concentrate exports from the Democratic Republic of Congo

May 28, 2021May 28, 2021 arnbethnic

Ivanhoe Mines responds to media reports regarding copper concentrate exports from the Democratic Republic of Congo Discussions are ongoing with DRC Government officials regarding an individual concentrate export derogation KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) is responding today to a media report stating that miners in the Democratic Republic of Congo (DRC) received an order on May 26, 2021 that has banned the export of copper and cobalt concentrate from the country. Ivanhoe Mines confirms that it is aware of the order issued to… Read More Here

Mining in DRC Mining Policy

DRC: Albert Yuma pushes F. Tshisekedi to recruit cabinet in claiming 6.5 billion USD loss from Gécamines and multinationals

May 28, 2021May 28, 2021 admin

Group photo with the CES office, in the middle Abert Yuma with Jean-Pierre Kiwakana, CES president on his left. For the President of the FEC and President of the Board of Directors of Gécamines, what he qualifies as injustice must be corrected to allow the Congolese State to come within its rights in relation to the “unbalanced” joint ventures signed in early 2000s between Gécamines and multinational mining companies. Beyond the structural imbalances in the joint ventures signed between Gécamines and its mining partners, the industrial and financial management practices… Read More Here

Mining in DRC Governance Mining Policy

DRC: CNPAV considers Dan Gertler’s proposal “less relevant” and calls for a judicial inquiry rather than a round table

May 15, 2021May 15, 2021 admin

The Congo is not for sale (CNPAV), in a press release published this Friday, May 14, gave its opinion on the proposal made by the Israeli businessman Dan Gertler on the proposal of a round table bringing together this platform with other “unidentified” civil society groups First, the CNPAV doubts the credibility of this proposal because it has not been officially informed. It is through the media that the CNPAV declares that it was informed of this proposal. “Congo is not for sale saw a document allegedly from Mr. Gertler’s ‘communication… Read More Here

Mining in DRC Cobalt Copper Governance Mining Policy

DRC: the CNPAV estimates past losses of GECAMINES in its shares and royalties within Mutanda Mining from 2011 to 2020

May 13, 2021May 14, 2021 admin

Congo is not for sale (CNPAV) estimated the DRC’s past losses in its shares and royalties, in one of the country’s largest mining companies, “Mutanda Mining”, at more than one billion euros. US dollars (1,035,000,000 USD), from March 2011 to December 2020. This is revealed by the report of this civil society platform entitled: “Billions lost: financial investigation into Dan Gertler’s transactions in the sector extractif ”, published Wednesday, May 13 in Kinshasa. Mutanda has been in the top 3 of the largest mining companies in the DRC for most… Read More Here