--A group of mining companies including Randgold Resources Ltd., Glencore PLC and Ivanhoe Mines Ltd. have warned the government of the Congo that its new mining code will cost the country $3 billion over a decade, according to Bloomberg.

--The mining companies said they intend "to protect their rights", according to a note that the companies sent to the Mines Ministry, Bloomberg reports.

--Negotiations with the government have so far failed resolve the companies' concerns, Bloomberg says.

Full story: https://bloom.bg/2L26aM8

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(END) Dow Jones Newswires

May 30, 2018 02:08 ET (06:08 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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