DR Congo Signs U.S.$1.9 Billion Mining Deal With UAE allafrica: DRC
Harare — The Democratic Republic of the Congo 's national mining corporation and the United Arab Emirates agreed to a $1.
The DR Congo and UAE company Primera Group entered into a 25-year deal for the export rights for select artisanally mined ores in December, which led to the signing of the current arrangement. These are metals that individual miners—those not working for mining corporations - extract. No additional information concerning the agreement, such as the kind of minerals that will be mined, was shared in the announcement.
The idea was hailed by the DR Congo as a strategy to combat mineral smugglers and ensure that informal miners have a better standard of living.up to 120 such groups. have been partially supported by the trade of illegally acquired minerals.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Congo's former leader rejects accusations he harboured Islamist rebelsDemocratic Republic of Congo's former president Joseph Kabila has rejected accusations from neighbouring Uganda that he gave sanctuary to an Islamist rebel group and allowed it to expand and exploit mineral resources.
Read more »
MINING VS COMMUNITY RIGHTS: Marico Chrome Mine liquidation adds to North West community’s grievancesA chrome mine in North West with links to the late former Bophuthatswana homeland leader, Kgosi Lucas Mangope, that has been at the centre of a protracted struggle over beneficiation rights is under liquidation.
Read more »
Mali gold mining revenue rose by 35% in 2022State revenue from gold mining companies in Mali rose 35% year on year in 2022 to a record 763.7 billion CFA francs ($1.3 billion) due to increased tax revenues, a mines ministry official said on Wednesday.
Read more »
IMF board signs off on $1 bln in funds for KenyaThe International Monetary Fund's executive board on Monday signed off on nearly $1 billion in new funding for Kenya that could ease pressure on government finances in East Africa's largest economy, the global lender said in a statement.
Read more »
Official: Ex-Man Utd Star Signs Deal With Red Devils | Soccer LadumaCONFIRMED❗️ Manchester United have confirmed they have signed one of their former Red Devils players on a short-term deal. SLInt MORE:
Read more »