DRC natural resources press review of Thursday, August 8, 2013

The fourth edition of the symposium on the Congolese mining sector was opened yesterday, Wednesday, August 7, 2013, in the conference room of the International Fair of Kinshasa (FIKIN). It is organized by the Technical Unit for Coordination and Planning Mining (CTCPM) from 7 to 10 August 2013 on "the problem of the creation of entities processing minerals in the DRC." Some newspapers reported yesterday's session.The Prosperité newspaper reports that the Secretary General of Mines, Kasanda Ngoy, said that since the promulgation of the Mining Code in 2002, a significant investment attractiveness was recorded. These investments are valued today at more than $ 15 billion with an increasing production of copper, gold and a contribution to the Gross National Product of 25%. Despite all these achievements and mining in the DRC, government revenues are expected to fall short of what they should be. According Kasanda Ngoy, one of the reasons for this imbalance is the continuing export of mineral products merchants with low added value, thereby depriving the DRC a significant portion of potential gains in income and employment."It is time to turn the page of the paradox of whole territories dotted with prosperous while local people continue to languish in poverty that dare not speak its name mining companies, he stressed" the paper notes.Reporting the same meeting, the Forum des As newspaper says what was the message of the German Technical Cooperation which thinks that improving the business climate in the country requires the support of the DRC to the Organization Harmonization of Business Law in Africa (OHADA). Hence, it is imperative to identify strategies for sustainable development. For the path of transparency, step was taken for the management of the mining sector said Alix Blackie, advisor to the German Technical Cooperation (GIZ). Industry uses more modern technology in which machines have taken the place of men. Therefore, the German cooperation suggests that rents are distributed between private investors and local communities.The Observateur newspaper reports that the Sokimo in Ituri needs of breath. The newspaper pointed out that "in the gold mining company Kilo Moto / Sokimo, the signals are red for almost over a year. (...) The current situation is such that everyone agrees to recognize that a lasting solution to the current crisis is the production of gold. Yet the mining company these days has any concession with a significant amount of mineable.According to the newspaper, Kibale Gold is the lifeline of Sokimo and indicated in these words: "Today Sokimo relies only on his partner Kibali Gold promises him a part of his concession south Kibale A only. provided that the prior Sokimo can have at least 10 million U.S. dollars to complete the exploration studies of the deposit in this part of southern Kibale. Moreover, it also has more or less 100 million U.S. dollars to produce the gold ".The daily reports that Sokimo holds 10% stake in the Kibale project, led by Randgold Resources, which is a partnership between Randgold Resources (45%) and AngloGold Ashanti (45%)