The Democratic Republic of the Congo (DRC) has prolonged a trading ban affecting 38 artisanal mining sites. The restriction applies to the conflict-ridden North and South Kivu provinces.
Officials state the ban is being maintained due to clear evidence that proceeds generated from the illegal supply chain of these minerals are being used to fund armed groups active in the region.
Pressure on Global Supply Chains
The nation’s mines ministry announced the extension, which will last for six months. This measure increases compliance pressure on global companies that utilize tin, tantalum, and tungsten.
All three metals are vital materials used extensively in the electronics, automotive, and aerospace industries worldwide. The decision prolongs restrictions that were initially imposed in February.
This extended ban puts pressure on international buyers. They must now ensure their supply chains are entirely free from conflict financing. The DRC’s mineral-rich eastern territories remain contested by numerous militia groups, including the M23 rebels, who have expanded their control over strategic mineral areas in recent months.
READ MORE: Weekly Recap: Paystack Co-Founder: Hero to Suspended in 48 Hours
Heartbreak in Rabat: Congo Stuns Nigeria to End World Cup Dream
Armenian Dram
Ghana Cedi
Gambian Dalasi
Guinea Franc
Nigerian Naira
CFA Franc BEAC
