The
Congolese legislature passed an initiative at the beginning of the year
nullifying a previous act allowing companies a 10-year delay in
complying with new fiscal demands and simultaneously decreed that the
royalty on “strategic minerals” such as the cobalt that’s used in
today’s gadgets, missiles, and electric vehicle batteries could jump
fivefold from 2% to 10%. President Kabila has yet to sign the proposal
into law, which is why he’s being… [ 527 more words ]
