Thursday, March 6, 2014

Democratic Republic of Congo Relax Demand for Higher Mining Stake

Democratic Republic of Congo plans to lower it stake demand from mining project in the country following an outcry from investors in the vast mineral-rich nation, according to report by Reuters. The central African country had proposals to increase the government’s share in new mining ventures and to triple copper royalties.

Chantal Bashizi, the vice-president of a commission studying a new mining code, advised that the government had already lowered its proposed stake in new projects

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