WORLD BANK AND UK TO BOOST TRANSPARENCY IN CONGO METAL MINE ADMINISTRATION
July 1st, 2010
BY KEITH NUTHALL
THE WORLD Bank is granting US dollars USD50 million grant to the Democratic Republic of Congo (DRC) to improve the efficiency and transparency by which this country's government handles mineral exploitation concessions and contracts. The money will be combined with an additional USD42 million from the UK's Department for International Development (DfID).
The DRC is rich in non-ferrous metals with the world's second largest copper reserves, along with deposits of zinc, germanium, tin, coltan, beryllium, uranium, gold, and more. However, the ...
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