• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

UN report reveals involvement of Russian-linked firm in DRC’s illicit mineral trade

Simon Osuji by Simon Osuji
July 4, 2025
in Business
0
UN report reveals involvement of Russian-linked firm in DRC’s illicit mineral trade
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Reuters reports that the allegation against the mining company marks the first time the United Nations has named an entity allegedly complicit in trafficking minerals looted from the Democratic Republic of Congo since M23 insurgents seized key mining territories last year.

The confidential UN report, which details how the recent territorial gains by M23 have further destabilized a region already plagued by decades of conflict, identified Boss Mining Solution as a key player in the smuggling of minerals from rebel-held areas.

Miningmx reports that the company exported at least 150 tons of coltan worth $6.6 million in 2024, making it Rwanda’s sixth-largest exporter, despite the country having minimal coltan production.

According to the company’s corporate profile reviewed by Reuters, Boss Mining is operated by Eddy Habimana, a Rwandan businessman. The firm is also linked to two Russia-born mining executives, who are listed as owners in official Rwandan corporate documents.

Rwanda government spokesperson Yolande Makolo, however, rejected the report, telling Reuters that the UN account “misrepresents Rwanda’s longstanding security concerns” regarding Hutu rebel groups that have targeted ethnic Tutsis in both Rwanda and Congo—a threat, she said, that “necessitates the defense posture in our border areas.”

Residents leave the Kibumba area with their belongings and cattle following clashes between DRC forces and M23 rebels near Goma (Photo by ESDRAS TSONGO/AFP via Getty Images)

The UN panel’s findings suggest that Boss Mining Solution played a key role in the cross-border trafficking of these minerals, despite longstanding international bans on sourcing commodities from insurgent-controlled zones.

Related posts

Zimbabwe claims top spot in South Africa’s tourism sector with over 2M yearly visitors

Zimbabwe claims top spot in South Africa’s tourism sector with over 2M yearly visitors

March 2, 2026
Dangote Cement posts record profit of over $700m, targets expansion in South Africa, Ethiopia, and other markets

Dangote Cement posts record profit of over $700m, targets expansion in South Africa, Ethiopia, and other markets

March 2, 2026

Conflict minerals strain Rwanda-DRC relations

Tensions between the Democratic Republic of Congo and Rwanda, rooted in historic grievances and cross-border insurgencies, have been increasingly driven by the illicit trade in conflict minerals.

Eastern Congo’s vast deposits of gold, coltan, tin, and tantalum have attracted armed groups and fueled instability.

Rwanda denies backing M23 rebels, but the group, widely believed to have Kigali’s support, has seized major mining areas, disrupting supply chains and worsening the humanitarian crisis. The UN and global watchdogs have heightened scrutiny.

Proceeds from the mineral trade have played a crucial role in financing M23’s insurgency.

A recent peace deal brokered by U.S. President Donald Trump aims to de-escalate the crisis by ending rebel support, restoring state control over mining zones, and promoting transparent trade.

While its impact remains uncertain, the agreement signals a potential step toward regional stability.

Source link

Previous Post

Northrop, ROMARM to Co-Produce Radar for Romania

Next Post

A second chance at nation-building?

Next Post
A second chance at nation-building?

A second chance at nation-building?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Nigerian billionaire Aliko Dangote eyes US$1 billion industrial expansion in Zimbabwe

Nigerian billionaire Aliko Dangote eyes US$1 billion industrial expansion in Zimbabwe

4 months ago
A Marriage of Senegalese and Japanese Cuisine with Delicioius Results

A Marriage of Senegalese and Japanese Cuisine with Delicioius Results

1 year ago
How this Japanese entrepreneur started an e-motorbike business in Ethiopia

How this Japanese entrepreneur started an e-motorbike business in Ethiopia

1 year ago
OEUK lauds decarbonisation progress, but challenges lie ahead

OEUK lauds decarbonisation progress, but challenges lie ahead

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • Mahama attends Liberia’s 178th independence anniversary

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.