Staying in Washington where he attended the annual meetings of the World Bank and the International Monetary Fund , Prime Minister Matata Ponyo Mapon made a presentation to a panel on the development of mining in fragile countries, including the Democratic Republic of Congo . Many newspapers have today released this information.The Prime Minister has rejected the argument that the abundance of natural resources is a source of blessing or curse in developing countries, says the Potentiel newspaper, which emphasizes that , according Matata , the problem is of level absence of a "strong leadership" at the state level and "determination." For proof, Matata Ponyo said that natural resources have allowed African economies to be strong in the years of independence , sweeping a backhand alarmist thesis "paradox of wealth." Before an audience composed exclusively of VIPs from the world of finance, Matata Ponyo did not hesitate to condemn the behavior of some multinationals that fuel conflict in the South to take the maximum benefit of this contradiction , through the illegal exploitation of natural resources found there . The most obvious case , he has said, is the Democratic Republic of Congo faces for more than a decade, a war in its eastern part , built primarily on the illicit trade in natural resources. Also, he has called for a high dynamic globally to allow fragile countries better off natural resources to make a weapon of development and not a hoodoo.The Phare newspaper publishes the whole message of the Prime Minister of the DRC essentially holding this passage : " A country rich in natural resources attracts everyone , including malicious and predatory ."The Prosperité newspaper goes straight to the point and as " Matata criticizes the behavior of multinationals " written " in the presence of senior officials of the Bretton Woods institutions , Matata Ponyo did not hesitate to denounce the behavior of some multinationals that fuel conflict in the South to take the maximum benefit of this contradiction , through the illegal exploitation of natural resources found there . "" Convincing the United States Matata ," the Forum des As newspaper, indicating that the Prime Minister , insecurity in the east can not stop the flow of investments in the DRC. According to the newspaper , Matata recalled that insecurity concerns only 5% of the immense territory of a continent that is the DRC countries. So therefore , this can not be an excuse for U.S. investors and those elsewhere , not come and invest in the DRCIn addition, the Forum des As newspaper reports the payment of $ 200 million USD of TFM to the Congolese government . The paper is a presentation of this information to the Director General of Tenke Fungurume Mining (TFM ) , Andre Kapanga , during the conference IPAD / DRC held from 9 to 11 October in Kinshasa on mining and infrastructure. Forum Ace wrote: " SNEL and TFM are engaged in a renovation project with a total hydropower plant with a capacity of 265 megawatts in Kananga Both companies have completed two groups , one of which had been . stop for 18 years. the project aims to renovate all four production units and refurbish transportation facilities . Either an investment of over 220 million U.S. dollars " , said the Director General of TFM .
In connection with the revision of the mining code, the Ecofin Agency announces that the DRC is planning to increase its free shares in the new mining projects from 5% to 15% , reports Bloomberg agency on October 11. "We want to bring to 15% the Free State shares in the capital of new mining projects against 5% today ," said Chantal Bashizi , Vice-President of the Commission for revision of the mining code of the country. 8th largest producer of copper and the largest producer of cobalt in the world, the DRC originally wanted to wear this stake to 35 %. " This amendment created a drubbing in mining groups , reason for which we reduced the proposed rate to only 15% ," said Ms. Bashizi . The Committee revised code also proposes to reduce from ten to five years the length of the "guarantee of stability." This recommends that mining companies are subject to the provisions of the Mining Code in force at the time of the granting of exploitation rights for ten years , regardless of changes in mining legislation . The mining code reform still raises an outcry from mine operators , who fear a decline in their profits. "With the new code , profitability could be divided by three or four ," worries David Guarnieri, director of the department of taxation to Tenke Fungurume Mining, which operates one of the largest deposits of copper and cobalt in the country . He added: " shorten the guarantee of stability is also likely to question the economic model behind the investment decision ." The draft code could be submitted to the Congolese parliament in March 2014, according to the Ministry of Mines
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