UPDATE: New Congo timetable extends Kabila's time in office as UN flags 'dramatic rise' in rights abuses
Investors on edge as a chart prepared by the elections commission shows it would be impossible to hold a presidential ballot this year.
Congo, the world’s largest source of cobalt, had been preparing to hold six elections over 13 months culminating in the vote for a new president in November. Votes to elect new governors and provincial assemblies in October were delayed and other election preparations have been slow.
Delaying the elections risks destabilising a country where mining companies including Baar, Switzerland-based Glencore Plc, Phoenix, Arizona-based Freeport McMoRan Inc. and Johannesburg- based AngloGold Ashanti Ltd. operate, according to analysts including Christoph Wille at Control Risks in London.