By Franz Wild
Nov. 14 (Bloomberg) -- The Democratic Republic of Congo, fighting a rebellion in the eastern province of North Kivu, said it will complete the review of mining contracts ``soon.''
The government is renegotiating 61 accords as it seeks to increase its share of revenue from the industry. Congo has a third of the world's cobalt reserves, 4 percent of its copper, as well as gold, diamonds and tin.
``We are not planning delays on the mining review,'' Deputy Mines Minister Victor Kasongo said today in a telephone interview from the capital Kinshasa. ``We hope to have the mining review over soon,'' he said, without giving a timeframe.
Decisions about mining rights will be postponed because of the fighting, the Wall Street Journal reported today. Investment plans are being pushed back by the delay, the newspaper said.
To contact the reporter on this story: Franz Wild in Chegera, Congo via Johannesburg at 1999 or pmrichardson@bloomberg.net.
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