Congo’s Government Wants 15% Stake of New Mines in Revised Code
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The Democratic Republic of Congo plans to raise its free stake in new mining projects to 15 percent from 5 percent, said Chantal Bashizi, the vice president of the commission revising the mining code.
The government has been in a dispute with companies for more than a year about changing the 2002 regulations, particularly over a proposal to increase the state’s share in new mining projects to 35 percent, Bashizi told the iPad mining conference in the capital Kinshasa yesterday.