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DRC: $750 million mining revenue embezzled-Report

Democratic Republic Of Congo

<p>An explosive report has unveiled the looting of mineral resources of the Democratic Republic of Congo.</p> <p>As the first African producer of copper, the country according to the group Global Witness, has suffered a loss of at least $750 million in three years, between 2013 and 2015. </p> <p>These amounts represent approximately 30% of the mining income of the <span class="caps">DRC</span>, the largest global supplier of cobalt.</p> <p>Corruption and bad management has been cited as the cause of these diversions. The diverted money according to the <span class="caps">NGOS</span>, would have been able to be used for health, education or infrastructure.</p> <p>In this investigation of the Extractive Industries Transparency Initiative, Global Witness questions the control of tax officials who are suspected of not sending the real amounts to the public treasury.</p> <p>In this embezzlement, the Group also cites the role of mafia networks connected to Congolese president President Joseph Kabila.</p>
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