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Congo nearly triples royalty rate on Cobalt

  1. gmiltonwhite
    43 Posts.
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    04/12/18
    13:51
    Post #: 36744245
    Congo declares cobalt 'strategic', nearly tripling royalty rate

    KINSHASA (Reuters) - Democratic Republic of Congo has declared cobalt a “strategic” substance, a government decree showed on Monday, nearly tripling the royalty rate miners will pay on the key component in electric batteries to 10 percent.

    A good sign for miners in say....... Namibia?

    IMO only
    CLA Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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