All assets and operations of Katanga Mining Limited are located in the Katanga Province of the Democratic Republic of Congo (DRC). It is a vast country with immense economic resources, including an estimated 10% of the world's copper and 50% of its cobalt.
The Mining industry of the Democratic Republic of the Congo is a significant factor in the world's production of cobalt, copper, diamond, tantalum, tin, and gold as well. It is the Democratic Republic of the Congo 's largest source of export income.
Congolese mining legislation requires mining companies to initiate and maintain constructive dialogue with communities affected by their projects, but this is almost never done. The Congolese government fails to give its citizens sufficient protection against the abusive practices of large companies.
The Democratic Republic of the Congo is a country located in the African Great Lakes region of Central Africa. It is the second largest country in Africa by area and the eleventh largest in the world .
DR Congo signs new mining law despite companies The Democratic Republic of Congo has moved to increase taxes on mining firms and increase government royalties from the industry despite fierce opposition from international mining companies.
30% for mining companies. ... DR Congo Highlights 2015: available to the tax administration documentation that justifies the prices ... Corporate, Indirect and Personal Tax Rates and Rules for DR Congo 2015 Keywords: currency, foreign exchange control, accounting principles, ...
The Democratic Republic of the Congo's profile details anti-corruption compliance risks, including legislation, enforcement, and corruption in key sectors. ... DR Congo . DR Congo Corruption Report ... The secrecy surrounding mining contracts has led to banks canceling loans accorded to state-owned mining companies, including the African ...
Mining Companies in the DRC With an estimated USD 24 trillion in untapped deposits of cobalt, diamonds, gold, copper and other minerals, the DRC is a key mining destination, with a large number of mining companies actively operating across the country.
our history. Somika S.A.R.L (Societe Minere Du Katanga), established in 2001, has progressively distinguished itself as a Quality Mining and Mineral Processing Company, producing high-grade Copper and Cobalt products.
Mining is an important land use activity in the forested region of the Congo basin, employing millions of people in the informal sector, and in the past few decades surpassing timber as the largest economic activity.
With more than 95 years of history in the mining industry, Newmont is one of the world's largest gold producers. Through responsible mining, we believe we can create a stronger business and value for all our stakeholders.
Records show that Canadian mining companies American Mineral Fields and Tenke received large contracts soon after these meetings. UN report When the Congo war broke out in 1996, a number of small Canadian mining companies were active in the DRC.
International companies such as Glencore Xstrata through Katanga Mining, Randgold Resources, AngloGold Ashanti, Lundin Mining and Freeport McMoRanall, have all invested in concessions in the DRC, often in partnership with state-owned mining firm Gécamines.
A Radiant Business for European Nuclear Companies? 2 Uranium Mining in the DR Congo A Radiant Business for European Nuclear Companies ? June 2011 Ecumenical Network Central Africa Chausseestraße 128/129 10115 Berlin Germany . 3
Congo, Democratic Republic - Mining and MineralsCongo (DR) - Mining and Minerals ... International mining companies attracted by high grade and low cost mines, may be increasingly attracted to the DRC's copper wealth situated on the copper belt in the southern part of the country.
The 2015 EITI Report shows that more than half of the privately held mining companies disclosed their beneficial owners. Information was not disclosed for three companies operating in the oil and gas sector, including PERENCO, the country's largest tax payer of that sector.