Congo Government Wants 35% of Mine Projects in Code Changes
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The Democratic Republic of Congo may increase state participation in mining projects to 35 percent from 5 percent and raise royalties on mineral exports, according to a report obtained by the country’s business association.
The 35 percent stake would be acquired for free and could not be diluted, according to the report, which was prepared for an inter-ministerial commission set up to revise Congo’s 10-year-old mining code. The report was given to Bloomberg by a member of the business association, known by the French acronym FEC.