Drc Mining Regulations

The primary minerals legislation in the DRC is the Mining Code 2002 (MC), which was substantially amended in 2018, and the Mining Regulations 2003 (MR), though new Mining Regulations are soon to be promulgated as part of the country’s ongoing reform of the regulatory framework.

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The mining sector in the Democratic Republic of Congo is regulated by Law No. 007/2002 of 11 July 2002 on the Mining Code and Decree No. 038/2003 of 26 March 2003 on Mining Regulations. The new Code performs a classification of mineral deposits in mines and quarries.

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Oct 07, 2019· After many years of discussions between the relevant stakeholders in the mining sector in the Democratic Republic of Congo (DRC), the revision of the Mining …

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On January 11th 2017, the Parliament of the Democratic Republic of Congo adopted a new law substantially limiting subcontracting activities to companies (i) incorporated in DRC, (ii) with a Congolese share capital and (iii) “promoted” by Congolese. Its entry into force is still subject to Presidential action.

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Aug 10, 2018· The Democratic Republic of Congo (DRC)'s new mining code was signed into law by President Joseph Kabila on 9 March 2018. This article reviews some of the more ambitious modifications to the previous code, which was in place from 2002.

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Jul 26, 2017· BMI Research - a unit of the Fitch Group – states the Democratic Republic of Congo will introduce modifications to the country's mining regulations in the coming months. It points out this is not the result of a broader uptick in populist Democratic Republic of Congo …

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Provides access to the latest information on ILO international labour standards on OSH (such as ratification information, reporting requirements, comments of the ILO's supervisory bodies, etc.). Includes abstracts of OSH legislation and citation information. Full text of laws or a relevant source is ...

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Mar 28, 2018· The Democratic Republic of Congo’s (DRC) law n°18/001 of 9 March 2018, reforming the Mining Code (MC), was assented to by the President on 9 March and published in the Official Gazette on 28 March 2018. The implementing provisions of the Mining Regulations are currently under discussion with the State and major mining operators in the DRC.

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May 14, 2018· Major miners operating in the Democratic Republic of Congo, Africa's top copper producer, said on Monday that a commission set up to draft detailed regulations to implement a new mining code had ...

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International mining companies attracted by high grade and low cost mines, may be increasingly attracted to the DRC’s copper wealth situated on the copper belt in the southern part of the country. In 2016, the DRC produced 1,021,634 tons of copper, which exceeded forecasts and …

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Mar 10, 2018· The Democratic Republic of Congo has moved to increase taxes on mining firms and increase government royalties from the industry despite fierce opposition from international mining …

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The Mining Law Review - Edition 8, The Mining Law Review is designed to be a practical, business-focused ‘year in review’ analysis of recent changes, developments and their effects, and a look forward at expected trends. The first part of the book is divided into 19 chapters, each dealing with mining in a particular jurisdiction.

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Kinshasa — The Democratic Republic of Congo’s (DRC) mines ministry said it was completing work on new regulations, as a draft document showed the government has so far ignored companies’ key ...

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Mar 15, 2018· Big miners arrive in the DRC to go over new mining code. Valentina Ruiz Leotaud | March 15, 2018 ... mining regulations and agreements, and guarantees. Thus, miners were requested to …

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DRC residents can hold foreign currency accounts with local commercial banks and foreign banks with no obligation to repatriate funds held abroad into the DRC, except in the mining sector where companies must maintain a 60:40 ratio between their offshore and onshore accounts (Mining Law). Amounts held in foreign currency accounts can be used ...

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Jun 28, 2017· The DRC is revisiting its mining code. Why reform is long overdue ... civil society and the DRC mining industry. The strongest opposition to …

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South Africa: Mining 2020. The ICLG to: Mining Laws and Regulations - South Africa covers common issues in mining laws and regulations – including the mechanics of acquisition of rights, foreign ownership and indigenous ownership requirements and …

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Jan 17, 2018· DRC revises mining code to capitalise on cobalt boom. ... the Democratic Republic of Congo is gearing up to overhaul its mining regulations to harvest more profit from the coveted metal. ...

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Jan 31, 2018· The Democratic Republic of Congo canceled contract guarantees and hiked a key royalty in sweeping last-minute changes to a mining law that will have immediate financial costs for every mining ...

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Mar 29, 2016· The 'Diamond Mining in the Democratic Republic of the Congo to 2020' report comprehensively covers DRC's reserves of diamond by region and county, the historic and forecast data on rough diamond ...

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The Democratic Republic of Congo’s (DRC) law n°18/001 of 9 March 2018, reforming the Mining Code (MC), was assented to by the President on 9 March and published in the Official Gazette on 28 March 2018. The implementing provisions of the Mining Regulations are currently under discussion with the State and major mining operators in the DRC. These

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May 16, 2018· DRC mining regulations drafted as expected. May 16, 2018. Detailed regulations drafted for implementation of the new DRC mining code have been finalised, but have made limited concessions to the requests of large mining companies in the country, Reuters has reported.

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consistent with the Corporation's current expectations; the New DRC Mining Code (including applicable regulations) ... securities laws. CORPORATE STRUCTURE OF KATANGA MINING LIMITED Name, Address and Incorporation The Corporation was incorporated under the laws of Bermuda on October 7, 1996 as New Inca Gold Ltd. On July 8,

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Conflict resources are natural resources extracted in a conflict zone and sold to perpetuate the fighting. There is both statistical and anecdotal evidence that belligerent accessibility to precious commodities can prolong conflicts (a "resource curse").The most prominent contemporary example has been the eastern provinces of the Democratic Republic of the Congo (DRC), where various armies ...

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Jun 09, 2018· Regulations to implement Congo's new mining code have been signed into law with no changes, advisers to the prime minister told Reuters on Saturday, despite objections from mining …

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Apr 19, 2018· The Democratic Republic of Congo adopted a new Mining Code, but industry and government are at loggerheads over taxation. Last month, the Democratic Republic of Congo (DRC) enacted a law to revise the country’s 2002 Mining Code.. While the law improves environmental and social provisions, revisions to the fiscal regime – long considered relatively favorable to investors – …

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Official Document Of the Democratic Republic of Congo LAW No. 007/2002 of JULY 11, 2002 RELATING TO THE MINING CODE The Constituent and Legislative Assembly, Transition Parliament has adopted,

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REGULATIONS THE PRESIDENT OF THE REPUBLIC: Whereas the Constitutional Decree-Law no. 003 of 27 May1997 pertaining to the organisation and the exercise of powers in the Democratic Republic of Congo, in particular the second paragraph of section 5 ; Whereas the Mining (Code) Act 007/2002 of 11 July 2002, in particular, sections 9 [a], 326 and 334

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Sep 04, 2019· Speaking during a Mining Review Africa webinar, Investing in the DRC – what you need to know, held during the lead up to DRC Mining Week, Louis Watum, MD: Operations of Ivanhoe Mines DRC stated, “The revised Mining Code has created uncertainty of the regulatory framework and quite frankly, has made it very difficult to fund projects in the ...

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Two major reforms relating to the new Mining Code and Public Private Partnerships have been voted and will be promulgated and applicable shortly in Democratic Republic of Congo (DRC). Below are the highlights of these two reforms[1].

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