DRC delays export ban on copper, cobalt concentrate

Jul 11, 2013 | 11:56 AM | Felix Njini

Tags  copper, cobalt concentrate, copper exports, cobalt exports, DRC, Martin Kabwelulu, Tenke Fungurume Mining, Freeport-McMoRan Copper & Gold Felix Njini

WINDHOEK, Namibia — The Democratic Republic of Congo (DRC) will allow exports of copper and cobalt concentrates until Dec. 31, extending an export window to mining companies that previously was planned to end this month.

"The exports of copper and cobalt concentrates are prohibited. However, a moratorium of up (to Dec. 31, 2013, has been) given to all mining operators that produce copper concentrates and cobalt to comply with this ban," DRC mines minister Martin Kabwelulu said in a decree. "Mine operators producing concentrates of copper and cobalt can continue exporting during the period of the moratorium."....

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