DAKAR, March 6 (Reuters) - Democratic Republic of Congo President Joseph Kabila's plan to discuss proposed changes to mining royalties with mining company representatives on Tuesday was postponed by a day, a government minister said.
No reason was given for the decision to delay the meeting.
"It will be tomorrow before noon," Mines Minister MartinKabwelulu said in a text message.
Top executives from eight international mining companies -including Randgold RRS.L , Glencore GLEN.L and ChinaMolydenum 603993.SS - were invited to the president's officeon Tuesday to discuss the code revision awaiting Kabila'ssignature. code could see royalties on cobalt, a vital component inelectric car batteries, increase fivefold to 10 percent. Itwould also remove a stability clause in the current lawprotecting miners from changes to the fiscal and customs regimefor 10 years.
Congo is the world's biggest source of cobalt. Its outputjumped 15.5 percent last year to 73,940 tonnes.