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France 24

DR Congo: U.S. sanctions armed group, mining firms

France 24 · Just In
France 24
France 24
Just In

The United States has imposed sanctions on an armed group in eastern Democratic Republic of Congo, accusing it of profiting from mineral trafficking. Congolese and Chinese companies linked to this illegal trade have also been sanctioned. This decision comes as Washington seeks to end the conflict in this mineral-rich region and attract US investment.

Breakdown
  • The US government has sanctioned a Congolese armed group and several mining firms for illegal mineral trading.
  • Sanctions target the Pareko FF group, which previously controlled the Rubaia mining complex. 50s
  • The Rubaia complex produces 15% of the world's coltan, vital for electronics. 58s
  • A Congolese company and two Hong Kong-based firms involved in the trade are also sanctioned. 1m 8s
  • The sanctions block US assets and business dealings with the targeted entities. 1m 15s
Mining & ResourcesInternational PoliticsCrime