March 29, 2018 / 12:55 PM / a year ago

Mining industry proposes sliding royalty scale in Congo

LONDON, March 29 (Reuters) - Mining companies including Glencore and Randgold on Thursday proposed in a joint statement a sliding scale of royalty rates for key commodities to replace a windfall tax introduced in the Democratic Republic of Congo’s new mining code.

The DRC signed into law a new mining code in early March that increases tax and royalties on operators mining commodities including cobalt. (Reporting By Julia Payne; editing by Barbara Lewis)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below