Although Sino-Congolese relations dates back to the mid-1960s, China’s more palpable influence was marked by the 2008 infrastructure-for-minerals deal that attributed mining rights to China in exchange for substantial investment into the DRC’s war-torn infrastructure.
Africa's No. 2 copper producer increased its sliding scale for royalties of 4 to 6% by 1.5 percentage points and introduced a new 10% tax when the price of copper exceeds $7,500 per tonne.
The upgrade is expected to increase average annual gold production at Ahafo by between 75,000 and 100,000 ounces for the first five years, starting in 2020.