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    US removes sanctions on Eritrean Defense Forces, Treasury website shows

    US removes sanctions on Eritrean Defense Forces, Treasury website shows

    South Africa showcases homegrown defence technology

    South Africa showcases homegrown defence technology

    Senegal has sovereign right to decide how to tackle debt, IMF says

    Mozambique says IMF mission may open way for new loan programme

    Djibouti

    South African journalist missing in Djibouti, family says

    Is Ethiopia’s Tigray barreling towards another war?

    Seven Ethiopian armed groups announce anti-government alliance

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    Ten lions found dead in suspected poisoning at Tanzania wildlife reserve

    Ten lions found dead in suspected poisoning at Tanzania wildlife reserve

    Guinea’s draft constitution made public, limiting leaders to two terms

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    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

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    African Finance Corp says Gabon political situation a ‘good coup’

    Why African countries must rethink how they grow their economies

    DR Congo says it will receive third-country deportees under new deal with US

    Beyond the Outbreak: How Ebola Reshaped East & Central Africa’s Economies

    What Happens After Dandora? Kenya’s Green Transition Faces Its Hardest Test

    What Happens After Dandora? Kenya’s Green Transition Faces Its Hardest Test

    African entrepreneurs work in challenging environments, and others may benefit from the skills they have developed

    African entrepreneurs work in challenging environments, and others may benefit from the skills they have developed

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    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

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    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

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    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

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    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

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

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    Ahmadu Bello (1910-1966): Nigerian statesman

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    Strive Masiyiwa: Zimbabwean businessman and philanthropist

    Strive Masiyiwa: Zimbabwean businessman and philanthropist

    Diébédo Francis Kéré: Burkinabé-German architect

    Diébédo Francis Kéré: Burkinabé-German architect

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    Herbert Wigwe (1966-2024): Nigerian banker and businessman

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    Lower Valley of the Omo, Ethiopia

    Lower Valley of the Omo, Ethiopia

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    Sudano-Sahelian style mosques, northern Côte d’Ivoire

    Taï National Park, Côte d’Ivoire

    Taï National Park, Côte d’Ivoire

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    Medinas, the Historic Sultanates of the Comoros

    Aldabra Atoll, Seychelles

    Aldabra Atoll, Seychelles

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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.

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.

Read also

US removes sanctions on Eritrean Defense Forces, Treasury website shows

South Africa showcases homegrown defence technology

Mozambique says IMF mission may open way for new loan programme

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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