A 10-YEAR-OLD CANNOT MAKE AN INFORMED DECISION ABOUT ACCEPTING A LIFELONG CULTURAL RESPONSIBILITY- SOWORE. (PHOTOS). #PRESS RELEASE
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.
Comments
Post a Comment