Mining Companies Tell Congo it Will Lose $3 Billion Over New Mining Code -Bloomberg

Date : 05/30/2018 @ 6:23AM
Source : Dow Jones News
Stock : Randgold Resources Limited ADS Each Represented BY One Ordinary Share (GOLD)
Quote : 87.83  2.38 (2.79%) @ 11:48PM

Mining Companies Tell Congo it Will Lose $3 Billion Over New Mining Code -Bloomberg

Randgold Resources Limited ADS Each Represented BY One Ordinary Share (NASDAQ:GOLD)
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--A group of mining companies including Randgold Resources Ltd., Glencore PLC and Ivanhoe Mines Ltd. have warned the government of the Congo that its new mining code will cost the country $3 billion over a decade, according to Bloomberg.

--The mining companies said they intend "to protect their rights", according to a note that the companies sent to the Mines Ministry, Bloomberg reports.

--Negotiations with the government have so far failed resolve the companies' concerns, Bloomberg says.

 

Full story: https://bloom.bg/2L26aM8

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 30, 2018 02:08 ET (06:08 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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