Hi Rvintl,
That's the DRC (Democratic Republic of Congo), not ROC (Republic of
Congo).
Very common mistake made all the time by punters.
The link to your news:
http://www.voanews.com/english/news/africa/central/UN-Secretary-General-Outraged-by-Congo-Rapes-Launches-Investigation-101419149.html
From the SCE note Nov 2010:
The Republic of Congo (Congo-Brazzaville) is celebrating its 50 years of
independence this year. The President was re-elected in 2009 for a further 7 year
term. The sparse population of about 4m is concentrated in the southwestern
portion of the country, leaving the vast areas of tropical jungle in the north near
SDLs tenements virtually uninhabited.
FOREIGN INVESTMENT FOR OVER 30 YEARS
Both Cameroon and Congo are former French colonies with a French based legal
system. Both have recently enacted modern mining codes to attract mining
investment. Governments take a 10% stake in projects and royalties are c.2.5%.
Tax rates in Cameroon and Congo are 38.5% and 38% respectively, but tax
incentives, including tax holidays are available for new projects.
Several international companies are already operating in Cameroon, including:
Rio Tinto Owns 47% of Alucam (ex Alcan), an aluminium smelter.
AES Corp US based power company with a US$12b market cap, owns 12
plants in Cameroon with almost 1000MW generation capacity.
Exxon Mobil/Texaco - The ChadCameroon oil pipeline which pumps around
150kbpd.
Total, ENI, Chevron - have operated in Congo for c.30 years.
Xstrata - has an option to acquire 50% of the Zanaga iron ore project after
funding a DFS.
Severstal has acquired an interest in Core Mining which owns the Avima
iron ore deposit close to the Mbalam project.
MagIndustries - A Canadian company with several resource interests in
Congo including a Potash project
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