March 8, 2018 / 4:16 PM / 9 months ago

BUZZ-Miners drop as Congo presses ahead with tough mining laws

** Shares of Canadian miners slip on Democratic Republic of Congo’s new mining code that will raise taxes and omit a stability clause that protects miners from fiscal and political changes for 10 years

** President Joseph Kabila to sign the bill into law soon

** Shares of Canada’s Ivanhoe Mines, which is developing a mine and upgrading another, down nearly 4 pct

** First Quantum Minerals off 3 pct and Lundin Mining ~2 pct

** News also weighs on London-listed miners: Glencore Plc down 1.5 pct, Randgold Resources 0.4 pct (Reporting by Yashaswini Swamynathan in Bengaluru)

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