Industry information content details - Democratic Republic of the Congo: Cemented carbide raw material Cobalt tax rate raised to 5%

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Democratic Republic of the Congo: Cemented carbide raw material Cobalt tax rate raised to 5%

00862799362018-01-16
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On January 5, DRC Minister Martin Kabwelulu said in a report to the Senate that once cobalt is classified as a "strategic mine," its royalty rate will be raised from 2% to 5%. Cobalt is the main raw material for the production of cemented carbides and DRC is the largest producer of cobalt in the world.

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