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Tuesday, 29 June 2010

Mine Watch (DR Congo)

The Democratic Republic of Congo government wants state-owned mining firms to hold a 35 percent stake in all future mining joint ventures, in contrast to a wide range of shareholdings in existing ventures. A new proposed contract, written in May and awaiting government approval, will serve as a basis for negotiation. According to Valery Mukasa, interim chief of staff at the Ministry of Mines "The idea is that this will be the model for partners in future...We've put in the provisions we would like but all contracts will remain open to negotiation". 

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