The Democratic Republic of Congo says it will consider concerns raised by mining companies over proposed reforms that would significantly expand government oversight of the sector. The draft legislation would amend about 40 provisions of the 2018 mining code, giving authorities greater powers over strategic mineral production and stockpiling as Kinshasa seeks a larger share of mining revenues. Industry leaders warn that frequent regulatory changes could discourage investment, particularly after previous reforms increased royalties and taxes. Officials argue the review is necessary to improve transparency and adapt to evolving market conditions. The debate is further complicated by the country’s strategic minerals partnership with the United States, which offers certain US-backed projects greater fiscal protections, raising questions about equal treatment for all investors.
Semafor