{"id":464051,"date":"2018-12-06T14:37:33","date_gmt":"2018-12-06T14:37:33","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=464051"},"modified":"2018-12-06T14:37:33","modified_gmt":"2018-12-06T14:37:33","slug":"dr-congo-government-triples-royalties-on-strategic-minerals","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/12\/06\/dr-congo-government-triples-royalties-on-strategic-minerals\/","title":{"rendered":"DR Congo: Government Triples Royalties on &#8220;Strategic Minerals&#8221;"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Democratic Republic of Congo has decided to triple the royalties on &#8220;strategic&#8221; minerals exploited on its territory.<\/p>\n<p>The royalty rate of 3.5% is raised to 10% on the cobalt used in the manufacture of electric battery, said Martin Kabwelulu, Minister of Mines quoted by Reuters. It will be the same for other ores classified &#8220;strategic&#8221; as coltan, used in electronic devices, and germanium, used in transistors.<\/p>\n<p>The decree referring to these new measures was signed by Prime Minister Bruno Tshibala on 27 November, in accordance with the new mining code adopted this year. This, despite intense lobbying by multinationals like Glencore who hoped to see the Congolese authorities suspend this provision.<\/p>\n<p>The subsoil of DR Congo is home to rare mineral resources that feed the world&#8217;s automotive and electronics industries without the country&#8217;s benefits being sufficiently realized. The RD Condo produces for example between 60 and 75% of the world cobalt supply, without being able to take advantage of this position.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Democratic Republic of Congo has decided to triple the royalties on &#8220;strategic&#8221; minerals exploited on its territory. The royalty rate of 3.5% is raised to 10% on the cobalt used in the manufacture of electric battery, said Martin Kabwelulu, Minister of Mines quoted by Reuters. It will be the same for other ores classified<\/p>\n","protected":false},"author":536501,"featured_media":464058,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12032,12036],"tags":[13551,15705],"class_list":{"0":"post-464051","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-commodities-en","8":"category-sectors","9":"tag-dr-congo","10":"tag-strategic-minerals","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DR Congo: Government Triples Royalties on &quot;Strategic Minerals&quot; - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2018\/12\/06\/dr-congo-government-triples-royalties-on-strategic-minerals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DR Congo: Government Triples Royalties on &quot;Strategic Minerals&quot;\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2018\/12\/06\/dr-congo-government-triples-royalties-on-strategic-minerals\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-06T14:37:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/12\/Cobalt-679x420.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"679\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jean-Mermoz Konandi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jean-Mermoz Konandi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/12\\\/06\\\/dr-congo-government-triples-royalties-on-strategic-minerals\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/12\\\/06\\\/dr-congo-government-triples-royalties-on-strategic-minerals\\\/\"},\"author\":{\"name\":\"Jean-Mermoz Konandi\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/f7e87efc1ab99d63f5a67e33445172c5\"},\"headline\":\"DR Congo: Government Triples Royalties on &#8220;Strategic Minerals&#8221;\",\"datePublished\":\"2018-12-06T14:37:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/12\\\/06\\\/dr-congo-government-triples-royalties-on-strategic-minerals\\\/\"},\"wordCount\":167,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/12\\\/06\\\/dr-congo-government-triples-royalties-on-strategic-minerals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/Cobalt-679x420.jpg\",\"keywords\":[\"DR Congo\",\"Strategic Minerals\"],\"articleSection\":[\"Commodities\",\"Sectors\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/12\\\/06\\\/dr-congo-government-triples-royalties-on-strategic-minerals\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/12\\\/06\\\/dr-congo-government-triples-royalties-on-strategic-minerals\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/12\\\/06\\\/dr-congo-government-triples-royalties-on-strategic-minerals\\\/\",\"name\":\"DR Congo: Government Triples Royalties on \\\"Strategic Minerals\\\" - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/12\\\/06\\\/dr-congo-government-triples-royalties-on-strategic-minerals\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/12\\\/06\\\/dr-congo-government-triples-royalties-on-strategic-minerals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/Cobalt-679x420.jpg\",\"datePublished\":\"2018-12-06T14:37:33+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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