March 7, 2018 / 9:25 PM / 9 months ago

Congo's Kabila plans to sign new mining code "shortly" -govt statement

KINSHASA, March 7 (Reuters) - Democratic Republic of Congo President Joseph Kabila plans “shortly” to sign into law a new mining code that is vigorously opposed by industry, the government said on Wednesday.

The announcement followed a nearly six-hour meeting between Kabila and mining executives in Kinshasa about the new code, which will raise taxes and remove a stability clause in the current law protecting miners from fiscal changes for 10 years.

The miners’ concerns “will be taken into account through a constructive dialogue with the government after the promulgation of the new mining law”, a government statement said. (Reporting by Amedee Mwarabu writing by Aaron Ross editing by Mark Heinrich)

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