Hi all, I found this interesting comment in a Randgold...

Hi all,

I found this interesting comment in a Randgold announcement today.

It was a source of concern, however, that the DRC government had once again signalled its intention of reviewing the country's 2002 mining code with the clear intention of maximising state revenue, Bristow said. This could have a very negative impact not only on the mining industry but also on the economy.
"Now more than ever the DRC should be focused on retaining its existing investors and attracting new ones. It's certainly not the time to harvest more from less for short term gain. It's my sincere hope that this time round the government will engage the mining sector fully in the proposed review to achieve an outcome that will be in the best interests of the Congolese economy as well as the country's mining sector," he said.
"The existing code is in fact a good one but it is not always being applied effectively and there are still many mining operations that do not operate under the code. There are also a number of issues and challenges which mining companies are having to face which make operating in the DRC more challenging. In Kibali's case, these issues include more than $200 million in unpaid TVA and duty refunds."

LINK

Cheers

Aka