European Parliament Passes Conflict-Minerals Bill; UN Releases Report on Money Flows in DRC

Jun 18, 2015 | Carley Chavara
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A new report prepared by the UN Environment Program and UN peacekeeping operation in the Democratic Republic of Congo (known as MONUSCO) found that just two percent of the total value of illicit natural resources smuggled from the country comes back to armed groups. Still, these funds, which amount to around $13 million a year, allow some 25 to 49 groups to continue operating in the country’s war-torn eastern provinces. Much more, as much as 50 percent, ends up in the hands of transnational criminal networks with the remaining profits flowing to individuals or companies elsewhere in the DRC or in Uganda, Rwanda, and Burundi. Following waning support for revolutionary agendas, today’s insurgency movements are no longer about politics but minerals and other valuable resources, says the report. While gold revenues still constitute the largest share of criminal funding relative to other resources, the report found timber is just as profitable as diamonds and charcoal is more profitable than tin, tungsten, and tantalum combined. This shift most likely reflects the growing demand for firewood in the region and brings into question the effectiveness of certifications schemes and other efforts to track natural resource revenues which are limited to diamonds and other minerals.