Post #614

The DR Congo's state miner Sokimo wants to take a 2.9 million oz gold deposit away from AFC/M23 🌐 The row pits Sokimo, the state gold‑mines company (Société des mines d'or de KiloMoto), against Milvest, a Turkish mining operator, after a 2024 deal concerning the Zani-Kodo mine in eastern DRC, which Sokimo says left key commitments unmet. 🌟 The dispute broke out following the replacement of Sokimo's leadership by Felix Tshisekedi in late February. While Zani‑Kodo is as one of the most promising deposits in eastern DRC, the Turkish operator has not provided any firm commitments or precise schedules citing persistent insecurity in the Ituri region, adjacent to the territory controlled by AFC/M23 . 🗺 Due to its proximity to the rebel territory, the deposit constantly triggers suspicions that the mining companies working there, in the absence of Milvest, transfer part of the profits to the AFC/M23 movement. Remarkably, back in 2020 the current AFC/M23 leader Corneille Nangaa was the official holder of the Zani-Kodo license. ⁉️ Although the suspicion that the Turkish operator is unable to expel unknown illegal miners from the site sounds plausible, it is not clear how Sokimo itself is going to do this. Very likely by simply inviting someone else. #News ✈️ Stay informed - @devilsbelow