Category: Mining revenue

The Vice-Minister of Mines, Godard Motemona, has submitted a draft decree to the council for examination. This draft specifies the methods for collecting and distributing mining royalties in line with the provisions of Law No. 007/2002 dated August 11, 2002, which is part of the Mining Code. The code has been amended and supplemented up to the present, along with Law No. 22/65 of December 26, 2022, which lays down fundamental principles for protecting and providing reparation to victims of conflict-related sexual violence and crimes against peace and security. Before… Read More Here

According to statistics from the Extractive Industries Transparency Initiative (EITI), the various Mining Directorates located in the provinces of the Democratic Republic of Congo (DRC) produced more than 500 million US dollars in the period 2020. -2021. The report produced by the EITI informs that the various Directorates collected nearly 528.7 million USD from the extractive sector during the period indicated. The province of Lualaba is placed at the top of the list (62.8%), followed by Haut-Katanga (34.2%).Revenues mobilized by Haut-Uele and Kasaï-Oriental represent 2.3% and 0.5% respectively. At the bottom… Read More Here

More than US$3.5 billion has been mobilized by five of the nine state-owned mining companies in the Democratic Republic of Congo (DRC) during the period from 2020 to 2021. This is what the report of the initiative for transparency in the extractive industries (ITIE) informs. EITI researchers indicate that five (5) of the nine (9) mining companies under public law have made payments as part of the effort to contribute to the state budget. These are the following public enterprises (EP): GECAMINES, COMINIERE, SAKIMA, SODIMICO and SACIM.During this period, GECAMINES paid… Read More Here

Public companies in the mining sector of the Democratic Republic of Congo (DRC) have, during the period between 2020 and 2021, received 189.8 million US dollars in royalties and key money, informs the report of the Extractive Industries Transparency Initiative (EITI). According to this report, state-owned companies in the mining sector collected more than USD 122.4 million in royalties and bonuses in 2020. These revenues will decrease significantly the following year, i.e. 2021, to settle at 67.2 million USD in royalties and key money. During this period, Gecamines collected more… Read More Here

The 2023 fiscal year’s Finance Law anticipates mining revenues to reach 10,887.9 billion Congolese Francs (CDF), equivalent to over 5.4 billion US dollars. Document 4 of the Finance Law for the 2023 financial year relating to revenue-generating acts indicates that these revenues have increased by 146.3% compared to their level in the 2022 financial year, which amounted to 4,419.9 billion Congolese Francs (CDF). The same document indicates that in the first half of the 2022 financial year, the financial authorities mobilized more than 5,376.4 billion Congolese Francs (CDF) from mining… Read More Here

The Democratic Republic of the Congo, although endowed with immense mineral resources which make it a geological scandal, is poor, like its population who live on less than US $ 500 per year per person. If the mining sector made a strong contribution to national income between 1965 and 1990, it can be observed that over the past thirty years, mines have not been able to lift the DRC out of poverty. Albert Yuma, president of the Fédération des entreprises du Congo (FEC) and chairman of the Board of Directors… Read More Here