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The mining sector in the Democratic Republic of Congo is regulated by Law No. 007/2002 of 11 July 2002 on the Mining Code and Decree No. 038/2003 of 26 March 2003 on Mining Regulations. The new Code performs a classification of mineral deposits in mines and quarries.
May 16, 2018 DRC Mining Regulations drafted as expected. May 16, 2018. Reuters reported that the commission set up to draft detailed regulations to implement the new DRC mining code has completed its work with limited concessions to the requests of large mining companies in the country. The 700+-page draft which has been circulated by the Ministry of Mines ...
REGULATIONS THE PRESIDENT OF THE REPUBLIC: Whereas the Constitutional Decree-Law no. 003 of 27 May1997 pertaining to the organisation and the exercise of powers in the Democratic Republic of Congo, in particular the second paragraph of section 5 ; Whereas the Mining (Code) Act 007/2002 of 11 July 2002, in particular, sections 9 [a], 326 and 334
Apr 19, 2018 The Democratic Republic of Congo adopted a new Mining Code, but industry and government are at loggerheads over taxation. Last month, the Democratic Republic of Congo (DRC) enacted a law to revise the country’s 2002 Mining Code.. While the law improves environmental and social provisions, revisions to the fiscal regime – long considered relatively favorable to investors –
Dec 03, 2019 After many years of discussions between the relevant stakeholders in the mining sector in the Democratic Republic of Congo (DRC), the revision of the Mining Code 1 (the Code) and its regulation 2 was adopted in 2018. The Code forms part of the trend of recent reforms of mining legislation in Africa.
Sep 04, 2019 At the opening ceremony of DRC Mining Week 2019, Simon Tuma Waku, vice-president of the Chamber of Mines, DRC said that it was imperative that government and industry works within the new regulatory systems as partners to further mining operations in the country.
Whilst Tanzania’s recent legislative changes will be much discussed this year, by voting a major revision to its mining code on 27 January 2018, the Democratic Republic of Congo’s Parliament has positioned the DRC centre stage on this subject.
Jun 08, 2018 Regulations to immediately implement a new Mining Code in the Democratic Republic of Congo will be signed into law today. This follows the announcement that Congolese President Joseph Kabila would sign into law a new Mining Code that will raise royalties on minerals across the board in March this year.. The new Mining Code increase royalties on copper from 2% to 3.5%, on gold from
Aug 10, 2018 The Democratic Republic of Congo (DRC)'s new mining code was signed into law by President Joseph Kabila on 9 March 2018. This article reviews some of the more ambitious modifications to the previous code, which was in place from 2002.
Apr 19, 2018 The Democratic Republic of Congo adopted a new Mining Code, but industry and government are at loggerheads over taxation. Last month, the Democratic Republic of Congo (DRC) enacted a law to revise the country’s 2002 Mining Code.. While the law improves environmental and social provisions, revisions to the fiscal regime – long considered relatively
May 16, 2018 Detailed regulations drafted for implementation of the new DRC mining code have been finalised, but have made limited concessions to the requests of large mining companies in the country, Reuters has reported.. The draft of over 700 pages recently circulated by the Ministry of Mines reportedly retains the windfall tax and the “special tax on excess
Jul 04, 2019 The mining industry is regulated through national legislation and regulations issued by the DRC parliament and the DRC executive branch and mainly by the new Mining Code adopted in 2002 (as ...
Jun 08, 2018 Regulations to immediately implement a new Mining Code in the Democratic Republic of Congo will be signed into law today. This follows the announcement that Congolese President Joseph Kabila would sign into law a new Mining Code that will raise royalties on minerals across the board in March this year.. The new Mining Code increase royalties on
After many years of discussions between the relevant stakeholders in the mining sector in the Democratic Republic of Congo (DRC), the revision of the Mining Code 1 (the Code) and its regulation 2 was adopted in 2018. The Code forms part of the trend of recent reforms of mining legislation in Africa.
Nov 22, 2018 It should be read jointly with our initial report on the DRC’s mining code reform, the mining code itself and its regulations. All quantitative analyses are based on Excel-built fiscal models updated and published on resourcedata.org. Our four main conclusions are: The new mining code aims to increase the economic and tax benefits to the ...
Jun 11, 2018 MINING companies including Glencore, Randgold Resources, and AngloGold Ashanti failed to persuade the Democratic Republic of Congo (DRC) to alter proposed changes to its new Mining Code, said Reuters.. Citing Anita Lwamba, legal counsel for the DRC prime minister, Bruno Tshibala, Reuters said the regulations for the Mining Code were signed into
Jun 10, 2020 At the height of the commodity boom in 2007, when the DRC began implementing the EITI, decades of conflict, political instability, corruption, looting and mineral smuggling had decimated the mining sector, which used to be DRC’s engine of growth, and left the government with large liabilities for its state-owned enterprises (SOEs) that had become practically insolvent.
DRC Mining Week is taking place on 15 - 17 June 2021 welcoming an expected 230 exhibitors and over 5300 attendees. More about the event. Exhibit. Establish or grow your footprint in the region, connect with the industry and meet with your
Jun 12, 2018 Regulations to implement the Democratic Republic of Congo’s new mining code have been signed into law with no changes, despite complaints from top mining firms operating in the country. DRC’s Prime Minister Bruno Tshibala’s advisor Patrick Mutombo Buzangu told Reuters that the regulations were signed into law on Saturday.
DRC completing new mining regulations, ignoring companies’ key concerns. BL PREMIUM . 09 May 2018 - 18:05 William Clowes. Kinshasa — The Democratic Republic of Congo’s (DRC) mines ministry ...
Oct 09, 2020 Zambia: Mining Laws and Regulations 2021. ICLG - Mining Laws and Regulations - Zambia covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.
Mar 10, 2018 The Democratic Republic of Congo has moved to increase taxes on mining firms and increase government royalties from the industry despite fierce opposition from international mining companies.
Mining code of the Democratic Republic of Congo The law replaces an earlier code from 2002. It raises royalties on minerals and removes a clause that protected miners from changes to the fiscal and customs regime for 10 years.
The main legislation in the Democratic Republic of Congo [DRC] dealing with mining industry is the Mining Code (adopted in 2002 and currently under revision) and the ancillary Mining Regulation, adopted in 2003. This legislature is in general application throughout the
Many are sceptical that the new regulations will successfully control armed groups and stop illegal mining. While the regulations have provided a list of
Oct 07, 2019 Decree no. 18/024 of 8 June 2018, modifying and completing the Decree no. 038/2003 of 26 March 2003, on the mining regulations.↩ As per Decree no. 18/042, of 24 November 2018. ↩ Send Print Report
Jul 04, 2019 The mining industry is regulated through national legislation and regulations issued by the DRC parliament and the DRC executive branch and mainly by the new Mining Code adopted in 2002 (as ...
Mar 10, 2018 The Democratic Republic of Congo has moved to increase taxes on mining firms and increase government royalties from the industry despite fierce opposition from international mining companies.
2 Democratic Republic of Congo mining guide Executive summary The Democratic Republic of the Congo’s (DRC) mining sector presents a high-risk high-return opportunity. The country has a unique position with substantial untapped gold, cobalt and high-grade copper reserves, but
Jun 28, 2017 When compared to mining tax regimes in other African countries, the proposed changes do not place the DRC outside of the norm. Most African countries demand a 10% government stake in mining projects.
Avoiding Conflict in DR Congo’s Mining Heartland (Online Event, 13th July 2020) Share. Facebook; ... it has proved impossible to find a solution to the problem of the illegal exploitation of minerals in eastern Democratic Republic of Congo (DRC) by actors in the conflict. ... The EU is currently preparing regulations similar to the Dodd-Frank ...
DRC Mining Week is taking place on 15 - 17 June 2021 welcoming an expected 230 exhibitors and over 5300 attendees. More about the event. Exhibit. Establish or grow your footprint in the region, connect with the industry and meet with your
Jun 03, 2020 The mining industry is regulated through national legislation and regulations issued by the DRC parliament and the DRC executive branch and mainly by the new Mining Code adopted in 2002 (as ...
The whole of the DRC revolves around mining, CEO of the South African Capital Equipment Export Council Eric Bruggermann said. Partnerships with local operators are essential for a foreign investor's success, as well as a commitment to the host country and its rules and regulations, and an understanding of political changes, he said.
Our DRC assets are located in a region where artisanal and small-scale mining (ASM) occurs. Although legal ASM does occur in the DRC, generally, such mining can be dangerous and involve child labour, which is a major concern to us. We prohibit child labour at our operations and among our suppliers.
A new Mining Code (Law n° 007/2002 of 11 July 2002) and Mining Regulations (decree n°038/2003 of . ... A common question asked across the Democratic Republic of Congo (DRC) and by international ...
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