Congo has banned exports of copper concentrate and cobalt concentrate in a major escalation of its drive to force domestic processing and retain more value from its vast mineral resources, according to a new government order.
Details of the Ban
The June 29 order, signed by Mines Minister Louis Kabamba Watum, Foreign Trade Minister Julien Paluku Kahongya and Economy Minister Daniel Mukoko Samba, states that “the export of copper and cobalt concentrates is prohibited.”
Major operators in Congo include China’s CMOC, the world’s largest cobalt producer, Glencore, Huayou Cobalt, Zijin Mining, Ivanhoe Mines and Eurasian Resources Group.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
