IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

FDI: Entry and ownership rule

On 14 June 2010, in an interview with Reuters, the Ministry of Mines of the Democratic Republic of Congo has proposed a 35% government share in all future mining joint ventures. The government's share in current joint ventures is said to range from 12% to 40%. The proposed increase is awaiting government approval and will serve as a basis for all future negotiations. The new proposal also requires companies to pay a 1% signing-on bonus on the total value of the deposit determined in the feasibility study and a 2.5% royalty on gross sales.
 
 

AFFECTED COUNTRIES

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