"Company says M23 rebels looted millions of dollars of gold in Congo", Africa News, 22 October 2025

Twangiza Mining said Monday that M23 rebels occupying its gold concession in the Democratic Republic of Congo have looted at least 500 kilogrammes of bullion since May.

The mine is in South Kivu province in the east of the country, where the Rwanda-backed militants staged a lightning offensive earlier this year, seizing swathes of territory.

Describing itself as a Chinese-owned Congo-based company, it told news agency Reuters that the current value of the looted gold was around $70 million.

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It has declared force majeure and plans to file formal complaints with both the Congolese authorities and international arbitration bodies.

It also accused the rebels of expelling residents, demolishing churches, and employing Rwandan technicians to extract geological data for expanded mining operations.