{"id":249669,"date":"2024-12-27T11:04:23","date_gmt":"2024-12-27T09:04:23","guid":{"rendered":"https:\/\/www.kamoacopper.com\/kamoa-copper-has-paid-03-percent-of-the-endowment-representing-usd-7300688-47\/"},"modified":"2025-08-23T13:58:07","modified_gmt":"2025-08-23T11:58:07","slug":"kamoa-copper-has-paid-03-percent-of-the-endowment-representing-usd-7300688-47","status":"publish","type":"post","link":"https:\/\/www.kamoacopper.com\/en\/kamoa-copper-has-paid-03-percent-of-the-endowment-representing-usd-7300688-47\/","title":{"rendered":"Kamoa Copper has paid 03 Percent of the endowment, representing USD 7,300,688.47."},"content":{"rendered":"<p>[et_pb_section admin_label=&#8221;section&#8221;]<br \/>\n\t\t\t[et_pb_row admin_label=&#8221;row&#8221;]<br \/>\n\t\t\t\t[et_pb_column type=&#8221;4_4&#8243;][et_pb_text admin_label=&#8221;Text&#8221;]<!-- divi:paragraph --><\/p>\n<p>In accordance with Congolese mining laws and regulations, which require any entity holding a mining license to allocate 0.3% of its revenue from the previous fiscal year to a specialized organization responsible for carrying out community development projects, Kamoa Copper S.A. is proud to announce that it has fully complied with this legal obligation for the year 2024.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph --><\/p>\n<p>On December 26th, Kamoa Copper S.A. made a payment of 7,300,688.47 USD to DOT-KAMOA, the specialized entity in charge of community development projects. This amount represents the remaining 90% of the 0.3% allocation from the company\u2019s revenue for the 2023 fiscal year. An advance payment of 10%, amounting to 811,187.53 USD, had been made earlier this year in October at DOT-KAMOA\u2019s request and was approved by Kamoa Copper\u2019s Management Committee. The total allocation, therefore, amounts to 8,111,875.53 USD and will support the implementation of several community-interest projects under the management and supervision of DOT-KAMOA.  <\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph --><\/p>\n<p><!-- \/divi:paragraph -->[\/et_pb_text][\/et_pb_column]<br \/>\n\t\t\t[\/et_pb_row]<br \/>\n\t\t[\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In accordance with Congolese mining laws and regulations, which require any entity holding a mining license to allocate 0.3% of its revenue from the previous fiscal year to a specialized organization responsible for carrying out community development projects, Kamoa Copper S.A. is proud to announce that it has fully complied with this legal obligation for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":248104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[32,22,21],"tags":[],"class_list":["post-249669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-blog","category-feature-story","category-news-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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