Democratic Republic of the Congo: Kabila’s confidence
- June 2, 2018
- - 4:42 pm
Summary: Glencore, Randgold, AngloGold Ashanti, and other foreign mining operators will have to compromise the fiscal terms of their Congo operations through early 2019. Analysis The government of President Joseph Kabila in the Democratic Republic of the Congo (DRC) appears confident and intent June 2 at engineering a fresh political mandate. Vulnerable to the Kabila regime’s political imperatives, international mining companies operating in the country, notably Glencore, but others including Randgold, AngloGold Ashanti, Ivanhoe Mines, and MMG Ltd, will have to compromise their operations to a regime in Kinshasa whose imperatives leave little room for the conventionality of foreign investor …
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