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Miners Told to Move Congo HQs as Provinces Vie for Revenue

  • Local units of Glencore, Ivanhoe among those asked to relocate
  • Country’s newly defined provinces seen competing for revenue
1493098184_congo mine lede
Photographer: Simon Dawson/Bloomberg
Updated on

The Democratic Republic of Congo told local units of Glencore Plc, China Molybdenum Co., Ivanhoe Mines Ltd. and four other mining companies to relocate their head offices as newly demarcated provinces fight over tax revenue and control of mineral projects.

The companies, all headquartered in Lubumbashi, the capital of Haut-Katanga province, must move to Kolwezi town in neighboring Lualaba, where their mines are based, Mines Minister Martin Kabwelulu said in an April 14 letter, a copy of which was seen by Bloomberg and confirmed by the ministry.