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Jun
23
2021
By The African Mirror
DRC seizes gold worth $1.9 million

DRC seizes gold worth $1.9 million

NEWS
CONGOLESE authorities have seized 31 kg of gold, worth around $1.9 million, in the Okapi Wildlife Reserve in the country's northeast, in a rare loss for smugglers who fraudulently bring tonnes of Congolese gold into the global market each year. Lieutenant Jean de Dieu Musongela, head of the military prosecutor's office in Mambasa, said on Tuesday the 31 ingots, which would have entered the open market after being smuggled through a neighbouring country, came from Muchacha, which he described as a mine in the Okapi reserve. Mining in the reserve - a UNESCO World Heritage site, home to okapi, forest…
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Sep
29
2020
By The African Mirror
Illegal money flows from Africa near $90 billion, U.N. study says

Illegal money flows from Africa near $90 billion, U.N. study says

NEWS
EMMA FARGE AFRICA is losing nearly $89 billion a year in illicit financial flows such as tax evasion and theft, amounting to more than it receives in development aid, a U.N. study has shown. The estimate, in the United Nations Conference on Trade and Development's (UNCTAD) 248-page report, is its most comprehensive to date for Africa. It shows an increasing trend over time and is higher than most previous estimates. The report calls Africa a "net creditor to the world," echoing economists' observations that the aid-reliant continent is actually a net exporter of capital because of these trends. UNCTAD Secretary-General…
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Sep
15
2020
By The African Mirror
Pink coffins mark growing death toll of Congo gold mine collapse

Pink coffins mark growing death toll of Congo gold mine collapse

NEWS
CRISPIN KYALA PINK painted coffins lined a hillside in eastern Congo as rescuers filled them with the bodies of victims of a gold mine cave-in, in which 50 people are feared dead. Alexandre Ngandu Kamundala, deputy mayor of Kamituga, one of Democratic Republic of Congo's oldest gold-mining communities close to where the unofficial mine collapsed on Friday, said that 19 bodies have so far been found. "All the inhabitants have stayed at home ... to pay tribute to the victims," Kamundala said, as an outpouring of grief continued, with shops and markets in Kamituga closed. Dozens die each year in…
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