Miners headed for DRC arbritration

MMG chief financial officer Ross Carroll says he expects major Democratic Republic of Congo producers Glencore and Randgold Resources to launch arbitration proceedings over the new DRC mining code this week.

Miners headed for DRC arbritration Miners headed for DRC arbritration Miners headed for DRC arbritration Miners headed for DRC arbritration Miners headed for DRC arbritration

MMG's Kinsevere mine in the DRC

The new DRC mining code, which includes increases to royalties and taxes, was signed into law in March, despite protests by the long list of mining companies operating there.