I believe DRC has passed new mining code to increase tax on...

I believe DRC has passed new mining code to increase tax on Cobolt production to 60%. ( Stand to be corrected). This will increase the Cobolt price significantly and punts in other jurisdictions will become more economical. All my thoughts please DYOR.

http://www.mining.com/cobalt-consumers-main-victims-congos-new-mining-code-analysts/

"The Democratic Republic of Congo imminent law that more than double the tax miners operating in the country pay on exports of cobalt, will severely affect buyers of the metal, a key component in the lithium-ion batteries that power electric cars and mobile phones.
“Given the tight nature of the cobalt market at present, we would expect miners to attempt to pass through higher royalty costs to consumers,” Colin Hamilton, an analyst at BMO, said in a note quoted by FT.com.""