PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

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 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...
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DRC BANS EXPORTS OF COPPER, COBALT CONCENTRATES. (PHOTO).

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 DRC bans exports of copper, cobalt concentrates


The Democratic Republic of Congo (DRC) has banned exports of copper concentrate and cobalt concentrate in a major escalation of its drive to ensure domestic processing and retain more value from its vast mineral resources, according to a new government order reviewed by Reuters.


The order, signed by Mines Minister Louis Kabamba Watum, Foreign Trade Minister Julien Paluku Kahongya and Economy Minister Daniel Mukoko Samba, states that "the export of copper and cobalt concentrates is prohibited."


DRC, the world's largest cobalt producer and second-largest copper supplier, also introduced a new tax regime for economically significant mining by-products as part of a broader effort to increase revenue from its mining sector.

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