The U.S. government on Tuesday sanctioned an armed group accused of illicit trading in minerals in eastern Congo as Washington tries to spearhead peace efforts there while pushing for U.S. access to the region’s minerals. A senior U.S. government official who spoke on condition of anonymity ahead of the formal announcement said the State and Treasury departments are sanctioning the PARECO armed group, which controlled the key coltan mining site of Rubaya from 2022 to early 2024. “During this period, PARECO generated revenue by overseeing mining operations, collecting illegal fees and taxes for miners and engaging in mineral smuggling. It also imposed forced labor and executed civilians in mining areas under its control,” the official said in Washington. The U.S. is also sanctioning the Congolese mining company CDMC, saying it sold minerals which were sourced and smuggled from mines near Rubaya, and two Hong Kong exporters, East Rise and Star Dragon, that purchased minerals from the mining area. The State Department said it is freezing the assets of the armed group and companies in the U.S. or under U.S. control and banning all transactions with them.

Full report : US announces sanctions against armed group and companies profiting from conflict minerals in Congo.