After more than five years of negotiations, Joseph Kabila, president of the Democratic Republic of Congo, signed into law a new mining code earlier this month. The code faced strong opposition from mining companies, which now face higher royalties and taxes. The government has said it may be willing to negotiate terms on a case-by-case basis. Congo has extensive mineral wealth and is the top source of cobalt globally and the top source of copper in Africa. In an email interview, Thomas Lassourd, a senior economic analyst at the Natural Resource Governance Institute, or NRGI, discusses why the government decided […]
Congo’s New Mining Code Opens the Door to Litigation and More Corruption
