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Royalties in Congo mining heartland down 35% in H1

Royalties paid by mining companies in Democratic Republic of Congo’s copper-rich southeast dropped by 35% in the first half of this year compared to the same period in 2015, a report by the local division of mines said. The government of Africa’s largest copper producer cut its 2016 budget by 22% last month in response to low metal prices and cutbacks by leading copper and cobalt producers.