LEGISLATIVE ENVIRONMENT
Democratic Republic of Congo's mines minister rejected a proposal by mining companies on Friday to retain exemptions and scrap some taxes in exchange for higher royalties than those in a new mining code, calling the taxes "untouchable". Mines Minister Martin Kabwelulu was reacting to a proposal from mining companies under which the companies would accept higher royalty payments if the government agreed to respect ten-year exemptions for existing projects from changes to the fiscal and customs regimes and cancel certain taxes.
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