DRC: DRC Mining Industry Worried by Country’s Stop to Mining Code Talks

Feb 10, 2015 | Henry Lazenby, Mining Weekly
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The mining industry operating within the Democratic Republic of Congo (DRC) is concerned about last week's decision taken by the Mines Ministry to shun further talks regarding the country’s proposed new mining code and to refer it instead to Parliament in its draft form.

The DRC Chamber of Mines on Monday warned that the ministry's actions could undermine international investment in the impoverished Central African country and “posed a material threat to further investment”.

Despite being one of the least developed countries in the world, the DRC managed to improve both its score and rank notably in the latest Fraser Institute ‘Survey of Mining Companies: 2013’ from 93/96 in 2012/2013 to eighty-fifth out of 112 jurisdictions. However, with increased legislative uncertainty, the DRC could slip back into the ten worst countries regarding policy perception.