Kings of Copper Part 2: An exclusive look at investing in DRC and Zambia (Dual Cover Edition).
The Central African Copperbelt is home to one of the world’s largest copper and cobalt resources. The 450-kilometer strip extends from Zambia’s Copperbelt province through the Democratic Republic of Congo’s (DRC) mineral-rich Katanga province. While the geological wealth of both nations is beyond doubt, there are several challenges for miners looking to set up shop. Zambia, well known for its political stability, has recently shocked investors by implementing a shake-up of the tax system. The DRC’s reputation as a difficult country to do business in has been further compounded by proposed changes to the 2002 Mining Code. As the countries compete for new investment dollars, decisions around quality of ore body, political stability and development of infrastructure will continue to influence investor decisions. The way in which governments deal with these immediate challenges will shape the long-term sustainability of their mining industries.
IMAGE: DRC Cover Pictured.