Patrons of mining companies working in the DRC and in disagreement with the DRC government on the new mining code have sent a note to President Joseph Kabila in which they threaten to bring the DRC to justice to claim damages following the losses it new mining code their cause. They warn that the Congolese government could lose in such a soap opera up to 3 billion US dollars in 10 years reveals the agency Bloomberg.
The new mining code cancels the ten-year stability clause promised to companies in the event of a change in legislation, and that is what the seven mining giants are contesting. Today, these companies including Glencore, Randgold, CMOC could pay up to five times more mining royalty than expected. In March 2018, these great bosses had been received by Joseph Kabila who had promised discussions.
Mining companies are calling on the government to abandon certain aspects of the legislation and reinstate a stability clause in the old code that protects licensees from compliance with changes in the tax and customs regime during 10 years. years Informs the Bloomberg Agency.
For the time being, no official response from the Congolese government, except that of a prominent parliamentarian: “The violation of the sovereign rights of peoples and nations over their wealth and natural resources goes against the spirit and principles of the United Nations Charter and hinders the development of international cooperation and peacekeeping, “warns Alain Lubamba wa Lubamba, National Deputy, Vice-President of the Commission in charge of External Relations and Consultant in CSR and Sustainable Development. The battle between Kinshasa and the G7 is not at its epilogue.
