DR Congo's Kabila to meet companies over mining code revision | Africanews
2 weeks ago, 02:18
Democratic Republic of Congo President, Joseph Kabila will meet mining company representatives on Tuesday to discuss a mining code revision awaiting his signature that would raise taxes and royalties, the mines minister said.
International mining companies in Congo, Africa's largest copper producer, include Randgold, Glencore and China Molybdenum.
The code could see royalties on cobalt, a vital component in electric car batteries, increase five-fold to 10 percent.
Mines Minister Martin Kabwelulu told Reuters the meeting would take place on Tuesday in a text message and did not elaborate.
Randgold and China Molybdenum did not immediately respond to requests for comment.
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