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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 4 sources · 8 days · First seen · Last updated
DRC mining sector regulatory and structural reforms
Overview
The Democratic Republic of the Congo is implementing various regulatory and structural reforms to its mining sector. In South Kivu, the Ministry of Mines deployed an ad hoc commission to conduct compliance audits in areas including Mwenga, Fizi, Uvira, Baraka, and Shabunda. This initiative seeks to combat illicit activities by identifying “shell companies” that lack real activity but act as fronts for illegal transactions, following allegations that local cooperatives are being used to exploit gold.
On a broader scale, the government is pursuing international partnerships and legislative reviews. Minister of Mines Louis Watum Kabamba has engaged with Chinese mining groups and Tanzanian officials to attract investment and enhance regional cooperation. Concurrently, civil society organizations are working to propose revisions to the 2018 Mining Code to Parliament, focusing on improving sector governance, state control, and transparency.
Entities
Zijin Mining Group · Carter Center · Ministry of Mines · Democratic Republic of the Congo · Louis Watum Kabamba
Timeline
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1 day ago
[BUSINESS] 2 sourcesDRC pursues mining sector reforms through international partnerships and legislative reviewsThe DRC is working to strengthen its mining sector through international investment partnerships in China and domestic civil society efforts to revise the national Mining Code for better governance.
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9 days ago
[BUSINESS] 2 sourcesSouth Kivu mining audit targets illegal operators and shell companiesA national commission is auditing mining companies in South Kivu to verify legal compliance and combat illegal mineral exploitation and the use of shell companies.
Sources
actualite.cd · lebarometre.cd · nzadinews.net · radiookapi.net