DRC Council of Ministers approves the draft decree relating to collaboration between Govt and AVZ MINERALS LTD
The second meeting of the Council of Ministers held on Friday, May 08, approved the Draft Decree approving the collaboration agreement signed between the government of the DRC and the firm AVZ MINERALS LTD. This draft decree presented by the Minister of Industry, Julien Paluku Kahongya, was referred to the competent interministerial Commission before its return to the Council of Ministers for adoption.
“The Draft Decree approving the Cooperation Agreement signed between the Government of the Democratic Republic of the Congo and the firm AVZ MINERALS LTD as well as the Draft Cooperation Agreement between the Government of the Democratic Republic of the Congo and the firm AVZ MINERALS LTD on a cooperation project were presented to the Council by the Minister of Industry. These two texts were referred to the competent interministerial Commission before its return to the Council of Ministers for adoption “, indicates the report of the Council of ministers.
Recall that Julien Paluku had already signed in February 2020 in Kinshasa, a memorandum of understanding with the company AVZ Minérale, a partner of Cominiere (a public mining company created from the ashes of the former Zairetain) for the creation of a Special Economic Zone in Manono.
It is the second special economic zone to be created after that of Maluku in Kinshasa.
The province of Tanganyika is a mining area. At the end of November 2018, the company AVZ Minerals declared a reserve of 6.6 million tonnes of lithium on the Manono deposit, in the former province of Katanga, still under exploration. It also abounds in other richnesses, in particular fisheries, in Lake Tanganyika, the deepest in Africa and which also contains oil deposits on its edges. The province of Tanganyika is open to East Africa via Tanzania which exports several goods to the DRC.
