Democratic Republic of Congo tells mining companies to relocate
Lubumbashi — The Democratic Republic of Congo told local units of Glencore, China Molybdenum, Ivanhoe Mines and four other mining companies to relocate their head offices as newly demarcated provinces fight over tax revenue and control of mineral projects. The companies, all headquartered in Lubumbashi, the capital of Haut-Katanga province, must move to Kolwezi town in neighbouring Lualaba, where their mines were based, Mines Minister Martin Kabwelulu said in an April 14 letter, a copy of which was seen by Bloomberg and confirmed by the ministry. "The objective is to move the administration of these companies closer to where they mine and consolidate the decentralisation process by building stronger relationships between the mining companies and the relevant provincial authorities," Kabwelulu’s chief of staff, Valery Mukasa, said by phone from the national capital, Kinshasa. Congo was divided into 26 administrative regions from 11 in July 2015, as part of a decentralisation drive st...
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