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The Recent Mining Reform in D.R. Congo was Long Overdue

Recently on March, 2018 President Joseph Kabila signed into law a new mining code after a six-hour meeting with some of the world’s largest mining executives. Reports from Bloomberg, All Africa, Return, and others show that there have been a number of important fiscal changes. These changes comprise of a profit and royalties increase, containing a 10% royalty tax on “strategic substances,” and a 50% “super-profits” tax. It is believed that more can be done, yet with the new legislation, the Democratic Republic of Congo hopes to reap greater benefits from its expansive resources. Read more