Congo’s Regulator Orders Two Glencore Mines to Drop 1,540 Suppliers
The Democratic Republic of Congo's subcontracting regulator ordered Kamoto Copper Company and Mutanda Mining to drop 1,540 suppliers it found ineligible under a 2017 law. The post Congo’s Regulator Orders Two Glencore Mines to Drop 1,540 Suppliers appeared first on The Rio Times .
The Democratic Republic of Congo's subcontracting regulator has ordered two Glencore-controlled mines, Kamoto Copper Company and Mutanda Mining, to terminate contracts with 1,540 suppliers. The regulatory body found these suppliers to be ineligible under the country's subcontracting law, which aims to keep a share of mining spending within the domestic economy by reserving such work for companies majority-owned by Congolese nationals.
The regulator examined supplier lists at both mines and found 955 suppliers at Kamoto Copper Company and 585 at Mutanda Mining to be ineligible, amounting to 60 percent of those checked. Both mines have 30 days to submit corrective plans, which must detail the affected suppliers, their reasons for termination, and how eligible subcontractors will receive access.
This is the most significant enforcement action under the regulator's tenure, as it targets large foreign-operated mines. The government holds a stake in one of the two companies, making this case particularly noteworthy.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
