Congo’s mining revenue ‘missing’ — Global Witness

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More than 20% of the Autonomous Republic of Congo’s mining revenue is being lost due to corruption and mismanagement, a operations group says.

According to a Global Witness report, the money is being categorized through corrupt networks linked to President Joseph Kabila.

At not any $750m (£580m) has gone missing over the past three years, it means.

The government has not commented but has previously denied allegations of corruption in its mining sector.

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DR Congo — Too rich for its own good

Numerous about DR Congo

DR Congo is Africa’s biggest producer of copper and the great’s largest supplier of cobalt used in batteries for electric cars.

It is also profuse in in gold, diamonds and coltan, used in mobile phones, but its people oddments among the poorest in the world following years of conflict and mismanagement.

«Congo’s up revenues should be helping to lift its people out of poverty,» says Pete Jones, a Universal Witness senior campaigner.

According to the report, much of DR Congo’s read revenue goes missing after being paid to the state-owned coalfield company, Gécamines.

The head of Gécamines, a close ally of President Kabila, has disowned allegations of corruption and insisted the company is transparent.

Other alleged criminals identified by the report are the country’s tax agencies which are legally allowed to continue back a percentage of the taxes they impose.

This creates avenues for corruption totally inflating how much of the fines they can keep for themselves, Global Constitute evidence says.

The report says that if the money not reaching the state coffers from head to foot corruption, mismanagement and an ineffective tax system was collated, from 2013 to 2015, then the amount make its to $1.3bn.

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