Heavy-handed revenue enforcement a threat to Congo mining sector, warns president

Heavy-handed revenue enforcement a threat to Congo mining sector, warns president

Congolese President Felix Tshisekedi ​has ordered state revenue agencies to refrain from heavy-handed enforcement operations against mining ‌companies, warning that excessive measures could dent...

Tshisekedi orders end to harsh mining tax raids

CONGOLESE President Felix Tshisekedi has told state revenue agencies to stop aggressive enforcement actions against mining companies, warning that heavy-handed measures risk damaging investor confidence, according to cabinet minutes seen by Reuters. The directive reflects Congo’s attempt to balance raising state revenue from its copper and cobalt sector with maintaining investor appeal, Reuters reported. Congo is the world’s top cobalt producer …