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    market news

    Officers in Congolese, Burundian Armies Still Benefiting from Illegal Mineral Trade

    Vivien Diniz
    May. 08, 2013 03:00PM PST
    Tantalum Investing

    The Washington Post reported that armed groups and high-ranking officials in Congolese and Burundian armies are continuing to benefit from illegal mineral trade in Eastern Congo.

    The Washington Post reported that armed groups and high-ranking officials in Congolese and Burundian armies are continuing to benefit from illegal mineral trade in Eastern Congo.

    London-based Global Witness stated that though some progress has been made in cleaning up tantalum and tin supply chains, the “progress remains localized.”

    As quoted in the report:

    High-ranking officers in both the Congolese and Burundian armies are benefiting from the illegal trade, as well as local armed rebels who use the cash to buy weapons in order to carry on their fight, according to the research by Global Witness. Moreover, armed groups often fight each other over the control of mines.

    Click here to read the full report. 

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