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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: TrueScouse who wrote (1881)	11/21/2007 10:46:26 AM
From: Stephen O	Read Replies (1) \| Respond to of 2131

Congo Must Improve Legal Security to Win Investors, Bank Says 2007-11-21 09:00 (New York) By Franz Wild Nov. 21 (Bloomberg) -- Democratic Republic of Congo, which has a 10th of the world's copper reserves, must improve legal security if it is to attract more private investors and kick- start growth, the World Bank said. ``The DRC needs to improve its legal framework'' in order to ``create a completely different climate'' of investment, said Jean-Michel Happi, the World Bank's representative in the central African country. Congo, which also has the world's biggest cobalt deposits, this year canceled a title deed held by London-based Central African Mining & Exploration Co. and said an agreement with Brinkley Mining Plc wouldn't stand. Mines Minister Martin Kabwelulu since said Central African's permit was not immediately threatened. After two civil wars between 1996 and 2003, which left 4 million people dead and ruined the economy, Congo is relying on private investment to rebuild basic infrastructure and services. Congo treats serious investors fairly, Kabwelulu said in a Nov. 6 interview. ``'We are happy to work with investors who respect the rules. There is absolutely no reason why they should worry,'' he said. --Editor: Bolleurs (sjc)