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THE DEMOCRATIC REPUBLIC OF CONGO'S REVISED MINING .Apr 25, 2018 · On 9 March 2018, President Joseph Kabila signed into law significant changes to the Democratic Republic of Congo's ("DRC") mining code (the "Revised Code"). 1 The Revised Code, which amends the 2002 Mining Code 2 (the "2002 Mining Code"), was adopted by both houses of Parliament on 27 January 2018 and came into force upon publication in the Official Journal on 28 March 2018. This .
Congo's planned mining code changes 'too risky': miners ...Mar 26, 2015 · The Democratic Republic of Congo's new mining code is likely to cost the country billions in lost investment and put the sector at risk, the country's Chamber of Mines vice-chairman and former ...
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A new mining code for Senegal - African Law and BusinessA new mining code for Senegal. A geological engineer by trade who previously served as the minister for mines and energy, Senegalese President Macky Sall understands the great significance that the mining industry holds for Senegal and its potential to act as a pillar of growth. This partially explains why, following his election in 2012,...
Mining Codes in Africa: Emergence of a "Fourth" Generation?mining regulations to meet the development challenges facing African countries, and issues of legitimacy raised by externally driven regulatory codes in the natural resources sector have all put pressure on governments to renegotiate contracts and revise mining codes to include remedial processes and favourable policies (Campbell 2009). Within
The 2011 Guinean Mining Code: Reducing Risks and ... - SSRNBhatt, Kinnari, The 2011 Guinean Mining Code: Reducing Risks and Promoting Social Benefit in Africa (July 12, 2013). South African Journal of International Affairs, 2013, Vol. .
Mining in the Republic of the Congo - WikipediaThe mining code allows foreign entities to control mining operations. This represented the first major overhaul to the mining code since 1965. The mining code also gives, upon granting a mining licence, the Congolese state a 10% non-contributing stake in all mining projects.
Changes to Mining Codes in Africa | LexologyOne of the most recent changes to a mining code in Africa occurred in June 2015 in Burkina Faso.
Democratic Republic of Congo reforms Mining Codereforming the Mining Code (MC), was assented to by the President on 9 March and published in the Official Gazette on 28 March 2018. The implementing provisions of the Mining Regulations are currently under discussion with the State and major mining operators in the DRC. These provisions must be adopted within 90 days after publication of the new law
New mining code to rock DRCMar 15, 2018 · Features / Africa New mining code to rock DRC Joseph Kabila's government, which has for years accepted extremely low royalties from mining companies, now risks antagonising the .
S.Africa changes mining code to boost black ownershipSep 27, 2018 · More than 460,000 people are employed in South Africa's mining industry (AFP Photo/MUJAHID SAFODIEN) More Johannesburg (AFP) - South Africa on Thursday unveiled a raft of changes to a controversial mining bill which is to raise black ownership of mining companies from 26 percent to 30 percent.
CURRENT TRENDS IN MINING LAW AND REGULATION IN .1.3 RECENT REFORMS IN WEST AFRICAN MINING LEGAL FRAMEWORKS Country Mining codes having recently undergone/about to undergo changes Reviewing of mining titles/ contracts Burkina Faso October 2013: new Mining Code adopted by the Council of Ministers (to be voted by the end of 2014) N/A Côte d'Ivoire March 2014: new Mining Code passed by
DRC Congo new mining code |Key changes| Africa| FrenchsideAug 15, 2019 · The new code requires mining companies to comply with local law 17/001 of February 2017 requiring contractors to be Congolese and owned by Congolese shareholders. While unclear, it is generally accepted that this means the Congolese contractor must be .
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Mining industry of Guinea - WikipediaAccording to the U.S. prosecutors, Mebiame was also part of a conspiracy to form a Guinean state-owned mining company and was involved in rewriting Guinea's mining code. Mebiame pleaded guilty to conspiring to make corrupt payments to African members of government in December 2016.
Mali's new mining code shortens stability period to 10 ...The new code is an opening salvo in what could be a protracted negotiation between the government and corporates over mining regulation in Africa's third-largest gold producer. The move is seen by ...
KPMG GLOBAL MINING INSTITUTE GuineaThe new mining code still contains a clause which grants the government a free 15 percent stake in mining projects as well as the option of purchasing an additional 20 percent. The clause is designed to encourage local beneficiation. Guinea has suffered from years of political instability, and the political climate remains tense.
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What the New Mining Code Can Mean for the Congo | The ...Jun 18, 2018 · Firstly, some historical context is needed. The 2002 mining code was introduced with support from the World Bank. For nearly two decades, Congo suffered from two wars – in 1996-2003 and 2004-2009. The conflicts in the DRC has killed between .
Togo | Extractive Industries Transparency InitiativeProduction. Togo is a leading producer of phosphates (ranking 3rd in Africa in the 2000s) but also produces iron, limestone, gravel and sand. Ongoing development of manganese is taking place around Nayega, with first production expected in 2016.
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DR Congo mining code regulations signed into law: aides ...Regulations to implement Congo's new mining code have been signed into law with no changes, advisers to the prime minister told Reuters on Saturday, despite objections from mining firms that ...
A new mining code for Senegal - African Law and BusinessNevertheless, the new mining code introduces an annual surface royalty payable by all title holders, amounting to XOF 50,000 (EUR 75) per hectare for a small mine permit and XOF 250,000 (EUR 380) per square kilometer for a mining permit.
Activists urge Congo government to pass new mining code ...Oct 28, 2016 · Congo began reviewing the 2002 mining code in 2012 and last year it proposed hiking profit taxes to 35% from 30%, raising the state's free share of new mining projects to 10% from 5% and ...
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Mining code shifts across Africa | The Africa ReportChristophe Asselineau, who heads the African practice of Paris-based law firm Shearman & Sterling, says at least 18 African countries have published new mining codes since 2000. He is critical of countries such as the Democratic Re- public of Congo, which has gone .
Changes to Mining Codes in Africa - Mayer BrownOne of the most recent changes to a mining code in Africa occurred in June 2015 in Burkina Faso. With the new code, Burkina Faso joins the wave of mining law reforms throughout Africa that emphasise transparency and accountability by both mining companies and host governments.
Congo's prime minister to sign new mining code into law ...The mines minister of the Democratic Republic of Congo has disclosed the country's prime minister will sign into law on Friday regulations to immediately implement a new mining code without any ...
New Mining Codes in DRC – Nova Africa AdvisoryMining Code tax benefits extended to mining companies' subcontractors only if they are controlled by Congolese shareholders. Royalties increased from 2% to 3.5% for non-ferrous and base metals and from 2.5 to 3.5% for precious metals and calculated on the gross market value of the products.
Africa Mining Intelligence: Exclusive information on ...President Felix Tshisekedi's arrival in power in Kinshasa has had a profound effect on the country's diamond sector. For years largely neglected by the powers that be, this industry now has the head of state's full attention.
KPMG GLOBAL MINING INSTITUTE CameroonThe mining industry in Cameroon is still in its infancy stage, with activity being predominantly artisan in nature. However, the Central African nation has significant potential, and large proportions of its landmass have yet to be explored. As the state of infrastructure improves, we expect mining in Cameroon, especially
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Industry code list | Statistics South AfricaMining of coal and lignite: 22: Extraction of crude petroleum and natural gas; service activities incidental to oil and gas extraction, excluding surveying: 23: Mining of gold and uranium ore: 24: Mining of metal ores, except gold and uranium: 241: Mining of iron ore: 242: Mining of non-ferrous metal ores, except gold and uranium: 25: Other mining and quarrying: 251
Senegal's New Mining Code | Insights | DLA Piper Global ...Mar 24, 2017 · In this update, New Mining Code means the new mining code which entered into force on 8 November 2016 and Former Code means the Mining Code 2003 which has now been replaced. Overview Whilst the framework of the Former Code remains substantially the same, the New Mining Code implements many important changes that follow those introduced elsewhere in Africa during recent .
Mining Law 2019 | Laws and Regulations | Ivory Coast | ICLGYes, the Mining Code does not apply to natural oil and gas. Oil and Gas activities are governed by the Petroleum Code and its implementation decree.
The mining industry in Africa - is 2018 the year of ...Japan and Australia made appearances to promote their own investment in the African mining industry. Probably the largest investor in that industry though - China - was noticeable by the absence of any high profile appearance. China, of course, has invested heavily over the past 5 .