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    cobalt investing

    $88 Million in Mining Taxes Unaccounted for in DRC: Watchdog Group

    Written by Investing News Network
    |
    Apr. 16, 2013 08:47AM PST

    Reuters reported that an anti-corruption campaign is accusing tax authorities in the DRC of failing to account for $88 million in taxes from the mining sector.

    Reuters reported that an anti-corruption campaign is accusing tax authorities in the DRC of failing to account for $88 million in taxes from the mining sector.

    As quoted in the market report:

    Congo has attracted international firms including Freeport-McMoRan, Glencore and Randgold to mine its rich copper, cobalt and gold deposits, but remains one of the most corrupt countries on earth.

    To view the whole Reuters report, click here. 

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