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ERG Demands Congo Crack Down on Illegal Mining

Bloomberg Markets •
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A Eurasian Resources Group unit has called on the Democratic Republic of Congo to halt illegal mining operations on its copper license after a deadly landslide killed multiple workers. The incident occurred at a site where unlicensed miners were operating without safety protocols, highlighting the dangers of informal mining in the resource-rich region.

ERG, which holds legitimate mining rights in the area, says illegal operations not only endanger lives but also undermine the company's investments and the country's formal mining sector. The copper license in question represents a significant investment for ERG, which has been developing operations in Congo's copper belt to tap into the region's vast mineral resources.

The tragedy underscores the ongoing challenge of illegal mining in Congo, where artisanal miners often work in dangerous conditions to extract minerals. ERG's demand for government intervention could intensify pressure on Congolese authorities to enforce mining regulations and improve safety standards. The company's call for action follows years of operating in the region and represents a significant push for regulatory enforcement in Congo's mining sector.