The Democratic Republic of Congo’s Mines Ministry postponed a ban on exports of concentrated copper and cobalt until 2015 because the country doesn’t have enough electricity to process the minerals, Mines Minister Martin Kabwelulu said.
The Democratic Republic of Congo will increase its stakes in new mining projects and raise taxes when it revises the 10-year-old industry code this year in an attempt to boost revenue, Mines Minister Martin Kabwelulu said.
Gecamines, the Democratic Republic of Congo’s state-owned mining company, didn’t tell the Mines Ministry of a possible sale of its stake in Kamoto Copper Co. to billionaire Dan Gertler, according to a letter from the mines minister.
The Democratic Republic of Congo’s Mines Minister, Martin Kabwelulu , will ask the president to lift a mining ban in three of the country’s eastern provinces, introduced six months ago to break a link between armed groups and the illegal mineral trade that’s fueled more than 15 years of conflict in the region.
The Democratic Republic of Congo , Africa’s biggest tin-ore producer, is considering phasing out a ban on mining in three eastern provinces that was aimed at halting illegal trade, Mines Minister Martin Kabwelulu said.
Democratic Republic of Congo’s mines minister reassured investors after separatists attacked the capital of mineral-rich Katanga province, raising concern among analysts that the region faces increased conflict.