Today four central African countries including the Democratic Republic of Congo (DRC) provides legitimate and ethical 3T minerals. One such globally recognised certification is the 3T iTSCi, the only widely implemented and accepted mineral traceability and due diligence system in the region for the 3T minerals – Tin, Tantalum and Tungsten, an internationally recognised certification for responsible mining and traceability under the 2010 Dodd-Frank Act. A number of initiatives are the ESG ( Environmental, Social and Governance) and IRMA (Initiative for Responsible Mining Assurance). Today, larger mining companies and non-for-profit organisations are addressing these complex issues and are continuously adopting international guidance and initiatives that helps set up regulations on a community to community basis with government support and involvement.
Cobalt africa code#
The revised code was opposed by many multinational mining companies, since it introduced new taxes and removed a stability clause protecting existing investments from changes to regulations.
This replaced the previous code passed by Kabila in 2002 near the end of the Second Congo War. Mining law in the DRC is given by the mining code, which was passed into law by the Joseph Kabila administration in 2018. The Democratic Republic of the Congo (DRC) is one of the wealthiest countries in terms of untapped resource wealth and has an estimated US$24 trillion in untapped mineral deposits, including the world's largest reserves of coltan (where elements niobium and tantalum are extracted) and significant quantities of the world's cobalt and lithium. Minerals and petroleum are central to the DRC's economy, making up more than 95% of the value of its exports. The mining industry of the Democratic Republic of the Congo produces copper, diamonds, tantalum, tin, gold, and more than 63% of global cobalt production. A sample from the Kolwezi area with green colored Malachite containing copper and darker Heterogenite containing cobalt.
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