[miningmx.com] – THE mining sector in the Democratic Republic of Congo was under the kosh owing to a combination of higher energy prices, and low commodity prices, compounded by the threat of an increases in taxes, said Bloomberg News.
Citing a report by the country’s Chamber of Mines, the newswire said that exploration projects were being “wound down or halted” while operating mines were being sold as others sought to cut costs.
“This is certain to result in direct and indirect job losses as suppliers and contractors are squeezed,’ said the Chamber of Mines at the Federation des Entreprises du Congo in a report e-mailed to Bloomberg News.
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