Democratic Republic of the Congo: asserting defense of the Mining Code

Summary The reappointment of Albert Yuma as chairman of the board of the state-owned Gecamines mining company means Barrick Gold, Glencore, and Ivanhoe Mines can anticipate an assertive defense of the country’s Mining Code when they approach the Tshisekedi administration to moderate the government’s fiscal and regulatory requirements. Analysis President Félix Tshisekedi promulgated a decree late June 3 reappointing Albert Yuma to the position of chairman of the board of Générale des carrières et des mines, better known by its acronym, Gecamines.  Yuma has held this position since 2010, when he was appointed by then-President Joseph Kabila, whom Tshisekedi succeeded …

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