Congo mining firms seek delay on 5% worker equity rule

Mining companies operating in Congo have requested a postponement of a rule requiring them to allocate 5% equity to workers before the July deadline, according to people familiar with the matter. The rule, which has not yet taken effect, would require mining firms to transfer ownership stakes to employees.

Companies have cited the need for additional time to structure the equity transfers and complete required legal steps.

Background on the rule The 5% worker equity requirement forms part of broader mining sector regulations in Congo. Firms have been reviewing internal ownership structures and consulting legal advisers ahead of the deadline. No official response from regulators has been reported regarding the delay request.