Reported about 10 hours ago
Twangiza Mining has halted its mining operations in South Kivu Province of the Democratic Republic of Congo following a directive from the Rwanda-backed M23 rebel administration. The suspension highlights escalating tensions over resource control in the region, as the new administration insists the company comply with previously neglected tax obligations. The M23 Governor of South Kivu stated that the mine must adjust to new tax regulations, emphasizing that the DRC has received no tax revenue from Twangiza, which has led to uncertainty in the local mining sector.
Source: YAHOO