Société Minière de Bakwanga controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Audit identifies irregularities
A government-commissioned audit reported significant irregularities at MIBA. Authorities removed the governing board and ordered a restructuring of the company.
2003
Controversial Emaxon diamond offtake agreement
A financing agreement granting Emaxon rights to purchase most of MIBA’s diamond output was initially secret and later criticized by a Congolese parliamentary commission. The commission recommended renegotiation, and the agreement expired in 2007.
2002
Allegations of resource pillaging and killings at the concession
A United Nations Security Council report named MIBA chairman and chief executive Jean-Charles Okoto Lolakombe in connection with alleged pillaging of Congolese resources. Amnesty International separately reported that people were being shot in the MIBA concession. President Joseph Kabila suspended Okoto in response to the UN report.