Rebel group M23 hits mining jackpot in DRC, generating $800 000 per month

News24

Rebel group M23 in the DRC earns $800,000 monthly from coltan mining in Rubaya. The armed group controls the largest coltan mine, imposing high natural resource taxes in the mineral-rich region. The M23’s resurgence in 2021 led to territorial expansion and establishment of its own administration. UN experts report on the group’s lucrative revenue source from coltan, a mineral used in electronics.

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