Post #525

🔵They Remember the People: Mining Ministry Reminds Foreign Companies of the Law🔵 🌐 In the wake of Félix Tshisekedi’s US visit and the massive American takeover of Congolese deposits, the Congolese Ministry of Mines(not as a distraction, for sure) has publicly reminded companies that a portion of their shares must belong to local workers. ⏩ The ministry’s generous PR gift for pro-government media is based on its reading of what the ministry call legal requirements that local workers must own up to 5% of mining companies’ shares. ⏩ No one will actually hand out shares to miners, for sure. After all, DRC law doesn’t force companies to give away 5% to workers for free — it only mandates 10% Congolese ownership. So, most likely, the ministry will be ignored—at best, companies with shaky relations with Kinshasa might be pressured to bring in a local contractor or union boss as a token partner. In the end, everyone stays where they are—because the real point of this announcement is for the government to drown out the endless headlines about handing over assets and mineral rights to the US. ➡️ Stay informed - @devilsbelow