Illegal Mining in DRC Costs ERG $2 Billion Annually Amid Security Concerns
Eurasian Resources Group (ERG) reports $2 billion in annual losses due to organized illegal mining in DRC. The situation poses significant risks to public revenue and the stability of global supply chains for copper and cobalt.
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Eurasian Resources Group (ERG) estimates annual losses of approximately $2 billion from illegal mining activities in its DRC copper and cobalt concessions. The report indicates that organized networks are conducting industrial-scale looting, moving hundreds of truckloads of ore daily outside official channels.
This illegal mining is impacting public revenue in a nation reliant on mineral exports. Concerns have emerged regarding potential complicity from security forces, including the Armed Forces of the Democratic Republic of Congo (FARDC).
Despite ERG's reports to Congolese authorities, measures taken have not effectively mitigated the issue. Kinshasa plans to establish a specialized security brigade by the end of 2026 to protect mining assets.
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