Value of Gold Smuggled by Rebels out of Congo

Rebels with the March 23 Movement (M23) in the Democratic Republic of Congo smuggled 12 tons of gold worth $500 Million a year, according to US based NGO Enough Project.

The gold is smuggled from illegal mines into neighboring Uganda and Burundi, where it is then sold to brokers in the United Arab Emirates. The gold is then shipped to global gold centers such as Switzerland and India.

Source:  “M23 Rebels in DRC Using Illegal Gold to Finance Rebellion,” Voice of America, October 10, 2013.