DRC

The DRC is endowed with vast natural resources wealth and the country is recovering after decades of decline following corruption since independence in 1960 and instability and conflict, which began in the 1990s.

Upon the installation of a transitional government in 2003, economic conditions have steadily improved as the government recommenced relationships with international financial institutions and donors.

In 2012, the DRC updated its business laws to adhere to the Organization for the Harmonization of Business Law in Africa (OHADA) and the country marked its tenth consecutive year of positive economic expansion.

Mining in DRC

The DRC is one of the richest mining countries in Africa with vast supplies of copper, cobalt and diamonds.

Recent developments have provided further optimism for the DRC mining sector, which is a key pillar of the country’s economy, with mining activities concentrating in the southern and eastern part of the country where the famous Central African Copper Belt extends from Zambia.  Foreign investment is largely focused on the Central African Copper Belt where several world class deposits remain to be exploited.

The mining industry is currently the source of the majority of the DRC export wealth.  Regulated under the DRC Mining code, exploration permits are subject to the approval of an Environmental Impact Statement (EIS) and Environmental Management Plan (EMP).  Exploration operations are also subject to the approval of a Mitigation and Rehabilitation Plan (MRP).