DRC Mining Companies Under-Reported $16.8 Billion in Revenue, Audit Reveals

Post Views: 441 DRC Mining Widespread Revenue Gaps Uncovered in DRC Mining Sector A recent state audit revealed that mining companies in the Democratic Republic of Congo (DRC) under-reported $16.8 billion in revenue from 2018 to 2023. The Court of Auditors, in a report reviewed by Reuters, found significant discrepancies between the amounts reported to development funds and tax authorities. Under the DRC’s 2018 mining code, companies must contribute 0.3% of annual revenue to local community development. The audit showed that while companies reported $98.2 billion to tax authorities, they only ...