Gold Concession Crisis: Rebels Loot $70 Million in DRC

Company says M23 rebels looted millions of dollars of gold in Congo

Twangiza Mining says M23 rebels have been occupying its gold concession in South Kivu province since May.

M23 rebels loot $70 million in gold from Congo mine, company says

Rebels occupying Twangiza Mining’s gold concession in eastern Democratic Republic of Congo (DRC) have looted at least 500 kilograms of bullion since May, the company told Reuters, accusing some of its own employees of aiding the theft. At current prices, the looted gold is worth around $70 million. The mine is located in South Kivu province, where Rwandan-backed M23 rebels staged a lightning offensive this year that allowed them to seize more te…

Gold Concession Crisis: Rebels Loot $70 Million in DRC

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What we know as M23, DR Congo set up ceasefire monitoring team

October 21 marks seven days since the signing of a ceasefire monitoring agreement between the AFC/M23 movement and the Congolese government. The deal, reached during the sixth round of Qatar-mediated talks, aims to establish a joint team to monitor and verify compliance with a permanent ceasefire between the two parties. The agreement builds on the July 19 Declaration of Principles and provides a structured framework to oversee, verify, and repo…

M23 rebels loot $70 million worth of gold from Congo mine since May, company says

Rebels occupying Twangiza Mining’s gold concession in eastern Democratic Republic of Congo (DRC) have looted at least 500 kilograms of bullion since May, the company told Reuters, accusing some of its own employees of aiding the theft. At current prices, the looted gold is worth around $70 million. The mine is located in South Kivu […]