The Democratic Republic of Congo (DRC) tried to strike a more conciliatory tone Wednesday after a week of increasingly heated exchanges between Africa’s top copper producer and some of its largest foreign investors. Mining companies are furiously lobbying the government to roll back a reformed mining law passed in January by the DRC’s parliament with last-minute changes that will financially hurt producers in the country. The dispute escalated this week when the country’s biggest state-owned miner pledged to renegotiate its partnerships with international mining firms. DRC wants to work with the mining industry to implement the new law, minister of mines Martin Kabwelulu told a packed room of executives at Mining Indaba in Cape Town on Wednesday. He gave no indication though that the government could reopen the debate on the legislation. "We have walked this road together," Kabwelulu said of the five-year-long mining code reform process. The new legislation would have to be applied ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.