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    Uganda detains 9 finance ministry officials over central bank hack

    Ugandan central bank calls emergency policy meeting for Wednesday

    Mauritius temporarily closes schools after night of unrest over police shooting

    Mauritius temporarily closes schools after night of unrest over police shooting

    US to block citizens in Congo from immediate travel home, citing Ebola

    Congo’s Ebola infections surpass 9,000, government report shows

    Tanzania’s president dismisses foreign, information ministers

    Tanzania close to finalising $42 billion LNG deal, finance minister says

    DR Congo ex-president Kabila makes first public appearance in rebel-held Goma

    Congo’s former president Kabila forms new group to replace M23 insurgency

    Flights to Mekelle resume after Ethiopian forces recapture of Tigray capital

    Flights to Mekelle resume after Ethiopian forces recapture of Tigray capital

    Mozambique refines its new energy transition plan to attract investment worth $80 billion

    Mozambique sets December deadline to surrender illegal weapons

    At least 139 migrants dead, including some children, after boat from Djibouti to Yemen capsizes, UN agency says

    At least 139 migrants dead, including some children, after boat from Djibouti to Yemen capsizes, UN agency says

    Ethiopia, EU sign €650m cooperation agreement

    Ethiopia launches its first gold refinery, Prime Minister says

  • Analysis
    • All
    • Climate Change
    • Digital & Tech
    • Economy
    • Energy & Power
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    The global panel on inequality needs African evidence: here’s how it could work

    The global panel on inequality needs African evidence: here’s how it could work

    Why Africa needs a new credit agency

    Why Africa needs a new credit agency

    Japan signs deal with Namibia to explore for rare earth minerals

    Africa’s mineral strength is wasted if countries don’t work together – new report

    Ethiopia: at least 40 army allies killed in drone strike

    Ethiopia’s peace deal is unravelling – what went wrong with the Tigray agreement

    DRC on a mission to financing the world’s largest hydropower dam

    DR Congo: The INGA Dam Paradox

    Cameroon uncovers more than 200 illegal gold mines, mostly foreign-owned

    Mineral Beneficiation: A Pipedream of Prosperity in an Unequal Financial Architecture

    Zambia signs $1.1 Billion deal to build major oil refinery in Copperbelt

    Is Zambia’s Economy Rebounding Under President Hakainde Hichilema?

    Nigeria considers crude supply reforms to aid Dangote, other refiners

    Refinery rivalry: billion‑dollar oil projects expose East Africa’s long‑running regional tensions

    Zambia’s chaotic but decisive election: government demonstrates strength, democracy shows weakness

    Zambia’s chaotic but decisive election: government demonstrates strength, democracy shows weakness

  • Studies
    China could drive Africa’s renewable energy revolution, report says

    A study shows wind and solar projects in Kenya and South Africa don’t always benefit the communities that host them

    Angola’s lengthy war shaped the way farmers utilised fire—why it matters

    Angola’s lengthy war shaped the way farmers utilised fire—why it matters

    Schooling is the most severely affected by conflict when children are the target – Study

    Schooling is the most severely affected by conflict when children are the target – Study

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    Benin government says armed forces foil coup attempt

    Coup contagion? A rash of African power grabs suggests copycats are taking note of others’ success

    One in three South Africans have never heard of AI: what this means for policy

    One in three South Africans have never heard of AI: what this means for policy

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

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    Namibia: Anger over Dubai COP28 trip by president Geingob’s children

    Hage Geingob (1941–2024): Former President of Namibia

    Cape Verde president says governments must discuss colonial reparations

    José Maria Neves: President of Cape Verde

    Jorge Bom Jesus: Linguist and former Prime Minister of São Tomé and Príncipe

    Jorge Bom Jesus: Linguist and former Prime Minister of São Tomé and Príncipe

    Joseph Leabua Jonathan (1914-1987): Former Prime Minister of Lesotho

    Joseph Leabua Jonathan (1914-1987): Former Prime Minister of Lesotho

    Gambia’s president Barrow faces backlash over ‘death wish’ on archrival

    Adama Barrow: President of the Republic of The Gambia

    Rwandan President Paul Kagame announces he will run for a fourth term

    Paul Kagame: Former military officer and president of Rwanda

    Zumbi dos Palmares (1655-1695): Afro-Brazilian leader of the great Palmares Quilombo

    Zumbi dos Palmares (1655-1695): Afro-Brazilian leader of the great Palmares Quilombo

    Léon M’ba (1902-1967): First president of independent Gabon

    Léon M’ba (1902-1967): First president of independent Gabon

    Namibia to vote in toughest election yet for ruling party

    Netumbo Nandi-Ndaitwah: President of Namibia

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    Manovo-Gounda St. Floris National Park, Central African Republic

    Manovo-Gounda St. Floris National Park, Central African Republic

    Lake Malawi (Lake Nyasa) National Park, Malawi

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    Fasil Ghebbi, Gondar Region, Ethiopia

    Fasil Ghebbi, Gondar Region, Ethiopia

    Bwindi Impenetrable National Park, Uganda

    Bwindi Impenetrable National Park, Uganda

    Fort Jesus, Mombasa, Kenya

    Fort Jesus, Mombasa, Kenya

    Comoé National Park, Côte d’Ivoire (Ivory Coast)

    Comoé National Park, Côte d’Ivoire (Ivory Coast)

    Bassari and Bedik Cultural Landscapes, Senegal

    Bassari and Bedik Cultural Landscapes, Senegal

    Lower Valley of the Omo, Ethiopia

    Lower Valley of the Omo, Ethiopia

    Sudano-Sahelian style mosques, northern Côte d’Ivoire

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Home Regions East Africa

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

October 21, 2025
What is South Africa up against in leading a new military force in the DRC?

Congolese M23 rebels are seen as they withdraw from the 3 antennes location in Kibumba, near Goma, North Kivu province of the Democratic Republic of Congo, December 23, 2022. REUTERS/Arlette Bashizi

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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.

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 territory than ever before. They seized the mine in May.

“With the help of some employees, they transported the first batch of more than 50 kg of gold out in a very short time,” Twangiza Mining said on Monday in a written response to Reuters’ queries about losses since M23 seized the mine.

“Since the occupation, they have obtained at least 500kg of gold and secretly transported it through underground channels,” the company said.

M23 did not immediately respond to a request for comment.

Twangiza Mining, which is headquartered in Congo and describes itself as a Chinese firm, said it lost over 100 kg of gold a month since the takeover, in addition to $5 million worth of equipment and materials.

The company is preparing to file a formal complaint with international arbitration and Congolese authorities, and has declared force majeure, it said.

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It accused the rebels of expelling residents, demolishing churches and using Rwandan technicians to extract geological data to resume and expand mining.

“There are more than 150 workers left on site. We cannot get in touch with them,” the company said.

The Rwandan government did not immediately respond to a request for comment.

A drone strike on October 15 destroyed power generation infrastructure at the mine. It is not clear who was responsible for the drone strike.

Fighting in eastern Congo has killed thousands of people and displaced hundreds of thousands this year.

Armed groups have seized several mining sites in the mineral-rich eastern Congo, according to U.N. investigators.

A U.N. Security Council briefing last year said M23 rebels were earning around $300,000 monthly from mineral taxes in the coltan-rich Rubaya region.

U.S. President Donald Trump brokered a peace deal between Congo and Rwanda in June as part of an effort to stabilise eastern Congo and bring in Western mining investments.

Rwanda has consistently denied backing M23 rebels, despite repeated allegations from U.N. experts and regional governments.

Qatar has been hosting direct talks between Congo and M23.

The two sides missed an August deadline for a peace deal as part of that process but on October 14, they agreed to a monitoring mechanism for an eventual ceasefire.

Source: Reuters
Tags: Democratic Republic of Congo (DRC)M23 rebelsTwangiza Mining

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