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flag M23 rebels, backed by Rwanda, stole $70 million in gold from a Congo mine since May, displacing thousands and destroying infrastructure.

flag M23 rebels, backed by Rwanda, have looted at least 500kg of gold from Twangiza Mining’s concession in eastern Democratic Republic of Congo since May, worth an estimated $70 million, according to the Chinese-owned company. flag The mine in South Kivu was seized during a major offensive, and Twangiza reported losing over 100kg of gold monthly, $5 million in equipment, and losing contact with more than 150 workers. flag The company accused rebels of using Rwandan technicians, destroying churches, expelling residents, and transporting gold through underground routes. flag A drone strike on October 15 damaged power infrastructure, with no clear culprit. flag Fighting has killed thousands and displaced hundreds of thousands. flag UN investigators say M23 earns about $300,000 monthly from mineral taxes. flag Despite a U.S.-brokered peace deal in June and recent progress on a monitoring mechanism, Rwanda denies supporting M23, a claim repeated by UN experts.

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