Congo 1-2 Egypt / World Cup 2018 African Qualifiers (09/10/2016)
Many women, some with babies and young infants, wash and sort mineral ore on the shore and in the shallow waters of Lake Malo, Kapata on the outskirts of Kolwezi, DRC.
Image: Amnesty International and Afrewatch.
As demand for batteries drives a surge in the price of cobalt, the Democratic Republic of Congo is gearing up to overhaul its mining regulations to harvest more profit from the coveted metal.
DR Congo is the world's leading producer of cobalt, where authorities consider the previous mining code to favour foreign investors at the expense of the economy.
Congo's production of copper has rocketed from 27,000 tonnes in 2002 to more than a million tonnes today, according to the preamble to the new mining code.
The code should "make the mines a true motor of the development of the africa games congo 2018, according to Minister of Mines Martin Kabwelulu, who has overseen the industry since February 2007.
From the Katanga provinces in africa games congo 2018 southeast to North and South Kivu on the eastern border via the central Kasai region, the subsoil is rich in gold, best steam games linux 2018 africa games congo 2018 coltan, another mineral used for electronic africa games congo 2018 and often cited as an illegal source of finance for conflict.
After many twists and turns, the Congolese government in December presented parliament with its revised version of the 15-year-old mining code, increasingly seen as detrimental to the interests of the state.
Economic patriotism The new code, passed by the National Assembly and now in the hands of the Senate, provides for "a broadening of the base click to see more the raising of mining royalties," according to Muhiya.
It sets out taxes of up to five percent on "strategic metals" -- most likely including cobalt -- and six percent on precious stones.
Kinshasa is introducing a form of economic patriotism by raising the stake of the state in the capital of mining companies and outsourcing tasks related to the industry "only to africa games congo 2018 in which the majority of the capital is owned by Congolese nationals".
DR Congo authorities also want to ensure the repatriation of at least 40 percent of the revenue of minerals that are sold for export.
Multinational firms have fired africa games congo 2018, charging that the new mining code would "significantly weaken the confidence of investors", in a joint letter to the speakers of both houses of parliament.
The protest was signed by the Congolese subsidiaries of giants in the sector, China Molybdenum, Rangold, the Swiss firm Glencore and MMG, an Australian-Chinese venture.
That has to stop," the chief executive officer of the powerful Gecamines state mining firm, Albert Yuma, stormed in November.
Kabila's second and last elected five-year mandate ended on December 20, 2016, but has been extended in a church-brokered deal at the cost of severe repression.
The vast money in mining has to be seen in the context of DR Congo's chronic reputation for corruption and the deep poverty that afflicts most of its 80 million citizens.
Reliable figures for turnover and employment in the mining industry are elusive in a country where much economic activity is unregistered and even the size of the population is unknown, given the absence of a recent census.
Last July the British NGO Global Witness described the mining sector as the regime's "cash machine" and its revenues were being wasted by a "toxic combination of corruption and mismanagement".
Documents released last November in the "Paradise Papers" leak said that Swiss firm Glencore acquired a Congolese mine for a africa games congo 2018 in 2007 through here Israeli billionaire Dan Gertler.
In 2013, the NGO Africa Progress Panel analysed five mining sales to offshore companies linked to Gertler's firm.
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Competition: African Nations Championship; Date: 16 January 2018; Game week: 1; Kick-off: 11:30. Half-time: 0 - 0; Full-time: 0 - 1. Congo matches. Competition: All; Africa Cup of Nations Qualification; WC Qualification Africa; African Nations Championship. Show: All; Home; Away. « Previous Next ».
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