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DR Congo Diamond Firms Need $300 Million
Oct. 05, 2011 01:34PM PST
Gem InvestingIBTimes reported the Democratic Republic of Congo needs to invest $300 million in its industrial diamond mining operations.
IBTimes reported the Democratic Republic of Congo needs to invest $300 million in its industrial diamond mining operations.
As quoted in the market news,
Output from state diamond mining firms MIBA and SCIM is restarting after shutting in 2008, but the state’s share of revenues remains small due to weakly enforced regulation, said Hubert Kazadi, managing director of SCIM, in a presentation to a mining conference this week.