Congo, the world’s leading producer of cobalt and Africa’s biggest copper producer, banned exports of copper and cobalt concentrates in 2013 to encourage miners to process and refine the ore in the country. But insufficient smelting capacity has driven it to repeatedly issue waivers, the most recent of which was set to expire on Saturday.(File pic - copper sires.)
BRAZZAVILLE: Democratic Republic of Congo on Saturday gave mining companies an indefinite waiver to an export ban on cobalt hydroxide and carbonate, as well as tin, tungsten, and tantalum concentrates after meeting the country’s biggest miners in Kinshasa.
The mines ministry also announced an export ban waiver on copper concentrate, but said the duration of that waiver was still to be determined, with companies expected to submit proposals a week from now.
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