Securing mining revenues: American Erik Prince recruited by Kinshasa
According to Reuters, the Democratic Republic of Congo (DRC) has been reaching an agreement for several months with former Navy Special Forces officer (Navy SEAL), Erik Prince, to secure mining revenues.
The aim is to ensure that “the
extractive and other industries operate in a transparent manner, and that their production and revenues are properly distributed in accordance with the Congolese Mining Code,” said one of the sources cited by the international news agency.
Concluded ahead of the offensive launched in January by the Rwandan-backed M23 rebels, the agreement aims to generate more revenue by combating smuggling and corruption in the mining sector.
However, no details were given on the implementing rules.
It is only known that the teams had to start in the south of the country, particularly in Katanga, where the Democratic Republic of the Congo would lose up to USD 40 million in monthly revenue, alone on the border between Kolwezi and zambia, according to a source quoted by Reuters.
For 2025, the Democratic Republic of the Congo is projecting mining revenues of more than 5 billion dollars, an increase of 11 per cent over the 2024 forecast.
But, according to the authorities, these revenues could be much higher if the country could reduce smuggling and corruption in this key sector.
In this context, the Government is stepping up initiatives to secure mineral resources.
Since October 2024, President Félix Tshisekedi has ordered tighter controls at the mining areas.
Erik Prince (born June 6, 1969 in Holland, Michigan) is a former Navy SEAL officer.
In 1997, he founded the private military company Blackwater Worldwide (now Academi), which he sold in 2010, after several of his employees were charged with homicides of civilians in Iraq.
They were convicted and pardoned by Donald Trump in his first term.
Close to the current US president, Erik Prince could benefit from the mining agreement being discussed between Washington and Kinshasa.
Through one of its Frontier Services Group (FSG) companies, it has signed contracts for the protection of mining assets in the DRC owned by Chinese companies.
In December 2020, the Africa Intelligence newspaper revealed that FSG had reached an agreement with Sicomines.
A few months earlier, the same media had reported a contract with China Nonferrous Metal Mining Corp (CNMC).