[SMM analysis] reappearance of ban on copper and cobalt concentrate in the Democratic Republic of the Congo-Shanghai Metals Market

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[SMM analysis] reappearance of ban on copper and cobalt concentrate in the Democratic Republic of the Congo

Translation 08:56:26PM Mar 20, 2019 Source:Shanghai Nonferrous Metals Network

SMM, March 20 / PRNewswire-Asianet /-

It is reported that the DRC authorities once again put forward a ban on the export of copper and cobalt concentrate, and issued a document for implementation.

Since the promulgation of the new mining law, the implementation of the authorities has become more and more powerful, showing a strong attitude towards the supervision and enforcement of the law. The decree, promulgated on 16 February 2019, provides, inter alia, that:

Clause 1

With regard to Interministerial decree 0913 / CAB, the Ministry of Mines document No. 1 of 2018, paragraph 5 of the 2018 document of the Ministry of Mining and the Ministry of Finance was amended to read: ban on the export of copper and cobalt concentrate.

"for the single concentrate specified in articles 6.1 and 6.2 of the Joint document issued by the Ministry of Mining and the Ministry of Finance, as well as the mixed concentrate specified in 7.1, issued on 21 November 2018, 0913 / cab, 234 / cab, No. 1 of the Ministry of Mining, No. 1 of 2018, and the single concentrate specified in articles 6.1 and 6.2 of the joint document issued by the Ministry of Mining and the Ministry of Finance, It can only be sold locally. "

Clause 2

All previous provisions that conflict with this Act have been repealed.

Clause 3

All functional departments (Ministry of Mining, Ministry of Finance, CEEC, DGRAD, DGDA, etc.) are responsible for the implementation of this Law

The decree affects:

According to the General Administration of Customs, China imported more than 30, 000 tons of copper concentrate from the Democratic Republic of the Congo in 2018, while imported copper concentrate totaled more than 22 million tons, accounting for only 0.1 per cent of the total. The Democratic Republic of the Congo (DRC) is the largest copper producer in Africa, with copper production increasing by 12.9 per cent to 1.2 million tons in 2018. However, it is worth noting that the implementation of this decree will also affect the output of anode copper or electrolytic copper in Zambia, as some of Zambia's smelter copper concentrate comes from the Democratic Republic of the Congo.

Key Words:  Mining  import and export  output 

[SMM analysis] reappearance of ban on copper and cobalt concentrate in the Democratic Republic of the Congo

Translation 08:56:26PM Mar 20, 2019 Source:Shanghai Nonferrous Metals Network

SMM, March 20 / PRNewswire-Asianet /-

It is reported that the DRC authorities once again put forward a ban on the export of copper and cobalt concentrate, and issued a document for implementation.

Since the promulgation of the new mining law, the implementation of the authorities has become more and more powerful, showing a strong attitude towards the supervision and enforcement of the law. The decree, promulgated on 16 February 2019, provides, inter alia, that:

Clause 1

With regard to Interministerial decree 0913 / CAB, the Ministry of Mines document No. 1 of 2018, paragraph 5 of the 2018 document of the Ministry of Mining and the Ministry of Finance was amended to read: ban on the export of copper and cobalt concentrate.

"for the single concentrate specified in articles 6.1 and 6.2 of the Joint document issued by the Ministry of Mining and the Ministry of Finance, as well as the mixed concentrate specified in 7.1, issued on 21 November 2018, 0913 / cab, 234 / cab, No. 1 of the Ministry of Mining, No. 1 of 2018, and the single concentrate specified in articles 6.1 and 6.2 of the joint document issued by the Ministry of Mining and the Ministry of Finance, It can only be sold locally. "

Clause 2

All previous provisions that conflict with this Act have been repealed.

Clause 3

All functional departments (Ministry of Mining, Ministry of Finance, CEEC, DGRAD, DGDA, etc.) are responsible for the implementation of this Law

The decree affects:

According to the General Administration of Customs, China imported more than 30, 000 tons of copper concentrate from the Democratic Republic of the Congo in 2018, while imported copper concentrate totaled more than 22 million tons, accounting for only 0.1 per cent of the total. The Democratic Republic of the Congo (DRC) is the largest copper producer in Africa, with copper production increasing by 12.9 per cent to 1.2 million tons in 2018. However, it is worth noting that the implementation of this decree will also affect the output of anode copper or electrolytic copper in Zambia, as some of Zambia's smelter copper concentrate comes from the Democratic Republic of the Congo.

Key Words:  Mining  import and export  output