DRC Mine Stake Increase Plan to Involve Miners, IMF

Mining Weekly reported that the DRC plan to increase state holdings with mines will be done in consultation with the miners and with the IMF.

As quoted in the market report:

Mines Minister Martin Kabwelulu announced last month that a proposed overhaul of the country’s mining code would seek to increase the government stake to 35 percent from the existing 5 percent, in a proposal that rattled foreign mining firms working in the central African nation.

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