Congo Postpones Ban on Mineral Exports Because of Power Shortag
The Democratic Republic of Congo’s Mines Ministry postponed a ban on exports of concentrated copper and cobalt until 2015 because the country doesn’t have enough electricity to process the minerals, Mines Minister Martin Kabwelulu said.
The ban was supposed to go into effect January 1 to force mining companies to add value to their mineral exports. Companies will still need to pay a $100 tax per metric ton on concentrated exports, Kabwelulu said by phone from Brussels, Belgium.
Read more at: http://www.bloomberg.com/news/2014-01-15/congo-postpones-ban-on-mineral-exports-because-of-power-shortage.html
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