DRC to Increase Stake in Mining Projects by 30 Percent

Reuters reported that international  investors are wary, following news from the Democratic Republic of Congo’s intention to increase its interest in new mining projects by 30 percent. This pledge follows a similar plan to increase federal involvment in the mines recently made public by Kenya.

As quoted in the market report:

Congo — which holds rich deposits of copper, tin, cobalt and gold — is reviewing its ten-year-old mining laws after the government said it wanted to increase receipts from the sector. The new law is expected early next year.

To view the whole Reuters report, click here.