South Africa: Democratic Republic Of Congo: Revision Of The Mining Code And Regulations. 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 Code 1 (the Code) and its regulation 2 was adopted in 2018. The Code forms part of the …
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Dividends distributed by mining companies and their subcontractors 10% (withholding tax) Interest 20% (withholding tax) / 0% for mining companies under conditions. ... Indeed, the Finance Law 2015 rules that companies established in the DRC that are dependent, by law or in fact, on companies or group of companies established outside the DRC ...
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In July 2020, the DRC mining registry published an annotated version of the 2002 Mining Code as amended in 2018 (the Revised Code). The announcement of this publication had raised the hope that certain points of the reform would be clarified, given the tensions it had created between the mining industry and the government. This article first ...
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A reduced 10% WHT rate for dividends. Exceptional tax for expatriates' remuneration set at 12.5% for the first ten years of the project and 25% for the remaining period. A possibility to deduct some specific provisions. The holder of a mining licence is also liable to mining royalties, computed on the basis of the amount of sales minus the …
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Canada is one of the world's leading mining powerhouses, but in order to stay that way it needs access to new mineral reserves - and the Democratic Republic of Congo (DRC) has trillions worth ...
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The Chamber of Mines is a structure created within the Federation of Enterprises of the Congo, to pilot the work relating to the mining sector in the Democratic Republic of the Congo. It replaced the National Commission of Mines on March 24, 2011, at the end of the revision of the statutes of the FEC anxious to grant it a name in accordance ...
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CDM strictly abides by DRC laws and regulations, we respect human rights and fulfil best labor practice. ... We understand that small-scale mining in the DR Congo represents a livelihood for many ...
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The government of DRC's state miner Gecamines, recently announced that it would take control of all artisanal mining, allowing for more direct governance and clamping down on unsafe practices ...
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Analysis of the mining registry data indicates that only 11 percent of the national territory is covered by mining activities with 3,053 different permits granted. Most of this area has yet to be discovered through geological and mining research. Resources. For more information on mining and minerals in DRC, please visit: DRC …
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The mining sector in the DRC is characterized by insufficient implementation of mining rules and laws. Despite satisfactory improvements in the country's ability to realize value from the sector, DRC authorities should implement certain rules relating to licensing and publication of the financial interests of public officials.
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A map of mining sites in eastern Congo has already been available for a few years thanks to the work carried out by the International Peace Information Service. This map serves as a basis for traceability and certification initiatives. [fn] The interactive map of mineral sites produced by the IPIS, here. Instructions on how to use the map here.
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007/2002. Article 15 of the previous Mining Code made provision for the establishment and powers of a Department for the Protection of the Mining Environment (DPEM). Up until the promulgation of the EPA, the DPEM was responsible for all aspects of environmental regulation and administration within the mining sector.
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Around 15 tonnes of mercury are used annually in the DRC's artisanal gold mining operations, making it the second largest source of mercury emissions in Africa. The Congo basin supports Africa's largest inland fisheries with an estimated production potential of 520,000 tonnes per year. While at the national level this resource is under ...
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The theoretical background section presents a description of environmental regulations and mining codes in DRC, Rwanda, and South Sudan. Methods and findings sections describe how the study was conducted and findings of an analysis of various regulations and codes. The research examines if the results answer the research question and impact on ...
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Legal documents in the DRC can be found at: Legal Text in the DRC. Laws and Regulations on Foreign Direct Investment Most FDI is governed by the 2002 Investment Code. Mining, hydrocarbons, finance, and other sectors are also governed by sector-specific investment laws.
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Artisanal cobalt mining in DRC is also a process that offers scope for vast improvements in the environment of workers. Besides often dangerous conditions for miners, issues with ASM run the gamut from birth defect-causing pollution and child labor, to unofficial taxes, labor gangs, corruption, violence and lawlessness.
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The new Mining Code of the Democratic Republic of Congo (DRC), adopted in 2002, and its ancillary Mining Regulation, adopted in 2003, thoroughly modified and reshaped the legal system applicable ...
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The World Bank is helping to fight poverty and improve living standards for the people of the DRC, through education, energy, health and other social services. ... However, growth in non-mining sectors (particularly services) was modest, slowing down to 3.0% in 2022, from 4.5% in 2021. Stronger export earnings could not offset higher food …
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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 …
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More than 70 percent of the world's cobalt is produced in the Democratic Republic of the Congo (DRC), and 15 to 30 percent of the Congolese cobalt is produced by artisanal and small-scale mining ...
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For example, Australia receives a perfect score (100.0) in our mining regulation sub-score, contrasting with the DRC's score of 7.4. Australia represents a bright investment spot for miners and off-taking firms seeking to avoid the human rights and environmental risks associated with cobalt mining in the DRC.
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Compliance Focus. Mine closure is also a growing issue, which is broadening to include the need for 'social transitioning' to a post-mining phase. In this regard, the DRC industry's current ...
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On 9 March 2018, President Joseph Kabila signed into law significant changes to the Democratic Republic of Congo's ( "DRC") mining code (the "Revised Code" ). 1 The Revised Code, which amends the 2002 Mining Code 2 (the "2002 Mining Code" ), was adopted by both houses of Parliament on 27 January 2018 and came into force upon ...
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March 2018 The law replaces an earlier code from 2002. It raises royalties on minerals and removes a clause that protected miners from changes to the fiscal and customs regime for 10 years. Countries Democratic Republic of the Congo
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The DRC exchange control and currency regulations are governed by a body of legal instruments, including the: ... 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 ...
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Key points of the new Mining Code. Exploitation licences reduced from 30 to 25 years and renewable only once. State's non-dilutable equity stake increases from 5% to 10%, increasing by a further 5% with each renewal. 10% of shares in a mining company to be held by Congolese citizens. An increase in the royalty for iron and ferrous metals from ...
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The Revised Code and the Revised Decree (new legislation) officially aim at rebalancing the mining revenues in favour of the state, with the 2002 Mining Code and the 2003 Mining Decree (former legislation) perceived as having failed to generate substantial revenues for the country's development.
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République Démocratique du Congo Cabinet du Président de la République Kinshasa – 28 mars 2018 1 2 SOMMAIRE PRESIDENCE DE LA REPUBLIQUE 09 mars 2018 - Loi n°18/001 modifiant et complétant la Loi n° 007/2002 du 11 juillet 2002 portant Code minier, col. 1. Exposé des motifs, col. 1.
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How an industry due diligence scheme appears to be laundering conflict minerals in DRC . How an industry due diligence scheme appears to be laundering conflict minerals in DRC ... Our report is based on field research in over 10 mining areas in DRC's North and South Kivu provinces, interviews with over 90 individuals from governments ...
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However, some investors perceive the regulations in the mining code as discriminatory against foreign investment. ... (IPR) are legally protected in the DRC, but enforcement of IPR regulations is limited. The DRC's intellectual property laws date from the 1980s and remain in force. However, enforcement is weak, and IPR theft is common. ...
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mainly due to the revision of the Mining Code and Mining Regulations in 2018. The 2021 RGI has revealed that: • The mining sector in the DRC is characterized by insufficient implementation of mining rules and laws. • Despite satisfactory improvements in the country's ability to realize value from the sector, DRC authorities should
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October 7, 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 Code 1 (the Code) and its regulation 2 was adopted in 2018. The Code forms part of the trend of recent reforms of mining legislation in Africa.
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The mining regulations in the Democratic Republic of the Congo represent a dynamic and evolving landscape with the goal of utilizing the nation's mineral wealth for sustainable development. The 2018 Mining Code aims to establish a balance between the interests of foreign investors and those of the Congolese while promoting transparency ...
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The types of mining permits available in the DRC are research permits, exploitation permits (including small-scale mines) and tailing exploitation permits. Specific legislation regarding artisanal ...
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Overview. Mining represents a critical sector for the development of the Democratic Republic of the Congo (DRC). According to the World Bank, the mining sector has dominated the Congolese economy ...
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