Reuter also reported,
“Mining companies who fail to comply with their administrative and social obligations should have their licences revoked, Tshisekedi told Mining Minister Antoinette N'Samba.
He asked N'Samba to identify mining companies where the state had not gained 10% of shares when the permit flipped from exploration to exploitation, as required by the mining code.”
Manono project, DRC government owns 25% interest.
Last Friday’s DRC president address is obviously pushing ahead Manono project.
As DRC government already owns substantial interest, 25%, pushing ahead is very logic, imo.
AVZ Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held