GDP growth in the DRC is expected to fall to 4.3% this year from 5.8% in 2018, due to a slowdown in mining activity triggered mainly by lower cobalt prices.
The African miner said it "strongly disagreed" with Barrick's valuation of the company and that the proposal appears to have ignored the value of its exploration and development assets.
The company's decision to stockpile Neodymium Praseodymium (NdPr), used in industrial magnets, was to help it consolidate its position as a preferred supplier to customers outside China.