A mining code you can live by in DRC

(Africa Report) Reforms of mining legislation have stalled once again after an angry reaction by companies who say taxes are still too high while commodity prices are low.

Mines minister Martin Kabwelulu strode about this year’s Mining Indaba, which took place as usual in Cape Town in early February, with an unusually confident swagger.

True, a collapse in mining revenue has left a gaping hole in the government’s budget, but Kabwelulu was celebrating nine years in his position, making him the Democratic Republic of Congo’s (DRC) longest-serving cabinet minister. « I don’t know why I’ve stayed in position so long, » Kabwelulu said modestly, « but the fact that I have shows that we have stability in governance in our country. »

In an apparent stab at his host government, which had recently changed mines and finance ministers in controversial circumstances, Kabwelulu added: « We do not just change our ministers on a whim. »

Read the original article on Theafricareport.com : A mining code you can live by in DRC | East & Horn Africa
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Read the original article on Theafricareport.com : A mining code you can live by in DRC | East & Horn Africa
Follow us: @theafricareport on Twitter | theafricareport on Facebook

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