Congo Mining Code: Kabila vs. Cobalt Companies
Opinion

Congo Mining Code: Kabila vs. Cobalt Companies

The Congolese legislature passed an initiative at the beginning of the year nullifying a previous act allowing companies a 10-year delay in complying with new fiscal demands and simultaneously decreed that the royalty on “strategic minerals” such as the cobalt that’s used in today’s gadgets, missiles, and electric vehicle batteries could jump fivefold from 2%…