DRC Seeking to Raise Cobalt Export Tax to 4 Percent
Reuters reported yesterday that the Democratic Republic of the Congo (DRC) is looking to double its cobalt export royalty from 2 to 4 percent.
Some, such as Pieter Deboutte, who manages the company that holds Israeli billionaire Dan Gertler’s mining and oil interests in the country, believe the move could make companies less eager to do business in the DRC.
Source: http://resourceinvestingnews.com/69408-drc-seeking-to-raise-cobalt-export-tax-to-4-percent.html
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