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Midas Ressources
Midas Ressources SARLU is a Wagner Group affiliated precious metals company based in Central African Republic. Operations The company is based in Central African Republic, with headquarters in Bangui. It is connected to the Wagner Group. History The company operates the Ndassima mine in Central African Republic. The United States imposed sanctions against Midas Ressources on June 27, 2023, in the aftermath of the Wagner Group rebellion. Sanctions against the Wagner Group affiliated Diamville were imposed at the same time. See also * Diamville * List of companies of the Central African Republic * Mining industry of the Central African Republic * Wagner Group activities in the Central African Republic References

{{Portal bar, Africa, Business Sanctions and boycotts during the Russo-Ukrainian War Wagner Group activities in the Central African Republic Front organizations Companies of the Central African Republic ...
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Wagner Group
The Wagner Group (russian: Группа Вагнера, Gruppa Vagnera), also known as PMC Wagner ( «Вагнер», ChVK «Vagner»; ), is a Russian paramilitary organization. It is variously described as a private military company (PMC), a network of mercenaries, or a ''de facto'' private army of Russian President Vladimir Putin. The group operates Violation of law, beyond the law because private military contractors are officially forbidden in Russia. While the Wagner Group itself is not ideologically driven, various elements of Wagner have been linked to neo-Nazis and far-right extremists. The group came to global prominence during the War in Donbas (2014–2022), war in Donbas in Ukraine, where it aided separatist forces of the self-declared Donetsk People's Republic, Donetsk and Luhansk People's Republics from 2014 to 2015. Its contractors have reportedly taken part in various conflicts around the world—including the civil wars in Syrian civil war, Syria, Libyan Crisis ...
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Central African Republic
The Central African Republic (CAR; ; , RCA; , or , ) is a landlocked country in Central Africa. It is bordered by Chad to the north, Sudan to the northeast, South Sudan to the southeast, the DR Congo to the south, the Republic of the Congo to the southwest, and Cameroon to the west. The Central African Republic covers a land area of about . , it had an estimated population of around million. , the Central African Republic is the scene of a civil war, ongoing since 2012. Most of the Central African Republic consists of Sudano-Guinean savannas, but the country also includes a Sahelo- Sudanian zone in the north and an equatorial forest zone in the south. Two-thirds of the country is within the Ubangi River basin (which flows into the Congo), while the remaining third lies in the basin of the Chari, which flows into Lake Chad. What is today the Central African Republic has been inhabited for millennia; however, the country's current borders were established by ...
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Bangui
Bangui () (or Bangî in Sango, formerly written Bangi in English) is the capital and largest city of the Central African Republic. It was established as a French outpost in 1889 and named after its location on the northern bank of the Ubangi River (french: Oubangui); the Ubangi itself was named from the Bobangi word for the "rapids" located beside the settlement, which marked the end of navigable water north from Brazzaville. The majority of the population of the Central African Republic lives in the western parts of the country, in Bangui and the surrounding area. The city forms an autonomous commune (''commune autonome'') of the Central African Republic which is surrounded by the Ombella-M'Poko prefecture. With an area of , the commune is the smallest high-level administrative division in the country, but the highest in terms of population. it had an estimated population of 889,231. The city consists of eight urban districts (''arrondissements''), 16 groups (''groupement ...
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Ndassima Mine
Ndassima is a gold mine in Ouaka preferecture in Central African Republic. History From 2006 until 2012 it was owned by Canadian company AXMIN Inc. On 22 December 2012 Seleka rebels took control of Ndassima. In June 2013, heavy rains provoked the collapse of a gold mine in Ndassima, killing 37 miners and injuring many others. On 22 August a mine collapsed again killing at least 25 people. In 2018 it was reported that FPRC and UPC armed groups share control over the Ndassima gold mining site In 2019 AXMIN Inc. the mining license to operate the Ndassima mine came into dispute. The region remains in a state of Force Majeure at this time with legal ownership to be established through legal process. In 2020 it was reported that Russian mercenaries were present at Ndassima gold mine and helping rebels manage it, but this is disputed. On 10 February 2021 government forces recaptured Ndassima after nine years. Two days later UPC launched an attack on Ndassima which was repelled by army ...
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Ndassima
Ndassima is a gold mine in Ouaka preferecture in Central African Republic. History From 2006 until 2012 it was owned by Canadian company AXMIN Inc. On 22 December 2012 Seleka rebels took control of Ndassima. In June 2013, heavy rains provoked the collapse of a gold mine in Ndassima, killing 37 miners and injuring many others. On 22 August a mine collapsed again killing at least 25 people. In 2018 it was reported that Popular Front for the Rebirth of Central African Republic, FPRC and Union for Peace in the Central African Republic, UPC armed groups share control over the Ndassima gold mining site In 2019 AXMIN Inc. the mining license to operate the Ndassima mine came into dispute. The region remains in a state of Force Majeure at this time with legal ownership to be established through legal process. In 2020 it was reported that Russian mercenaries were present at Ndassima gold mine and helping rebels manage it, but this is disputed. On 10 February 2021 government forces recaptur ...
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Wagner Group Rebellion
On 23 June 2023, the Wagner Group, a Russian private military company, engaged in a major uprising against the Russia under Vladimir Putin, Government of Russia. It marked the climax of the Wagner Group–Russian Ministry of Defence conflict, Wagner Group–Ministry of Defense conflict, which had begun about six months earlier. Russian oligarch Yevgeny Prigozhin, who had been leading Wagner Group activities in Ukraine, stood down after reaching an agreement a day later. Amidst the Russian invasion of Ukraine, Prigozhin had come to publicly express his resentment towards Minister of Defence (Russia), Minister of Defence Sergei Shoigu and Chief of the General Staff (Russia), Chief of the General Staff Valery Gerasimov; he frequently blamed both men for Russia's military inadequacies, especially during the Wagner-led Battle of Bakhmut, and accused them of handing over "Russian-occupied territories of Ukraine, Russian territories" to the Ukrainians. He portrayed the Wagner Group's r ...
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Diamville
Diamville SAU is a Central African Republic based, Russian owned, diamond and gold trading company, affiliated with the Russian private military company Wagner Group. In February 2023, Diamville became the subject of a set of economic sanctions imposed by the European Council against various people and organizations affiliated with the Wagner Group. The company had sanctions imposed by the United States in July 2023. Ownership Diamville is a Central African Republic based, Russian owned, diamond and gold trading company. The official registered owner of the company is Central African Bienvenu Patrick Setem Bonguende, who works as a driver for Dimitri Sytyi, a senior executive at the Russian private military company Wagner Group. According to a 2022 joint investigation and report from European Investigative Collaborations (EIC), the French organization ''All Eyes on Wagner,'' and the UK-based ''Dossier Center'', Diamville is a shell company owned by Russian militia Wagner G ...
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List Of Companies Of The Central African Republic
The Central African Republic is a landlocked country in Central Africa. Despite its significant mineral deposits and other resources, such as uranium reserves, crude oil, gold, diamonds, cobalt, lumber, and hydropower,Central African Republic
CIA World Factbook
as well as significant quantities of , the Central African Republic is among the ten poorest countries in the world. , according to the (HDI), the country had the second lowest level of human development, ranking 187th out of 188 countries.
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Mining Industry Of The Central African Republic
The Central African Republic's mineral resource endowment includes copper, diamond, gold, graphite, ilmenite, iron ore, kaolin, kyanite, lignite, limestone, manganese, monazite, quartz, rutile, salt, tin, and uranium. Of these commodities, only diamond and gold were produced in 2006 - subsistence farming was the mainstay of the economy.Bermúdez-Lugo, Omayra"The Mineral Industries of Central African Republic, Côte d'Ivoire, and Togo"(PDF). ''2006 Minerals Yearbook''. United States Geological Survey (May 2008) . In 2006 the World Trade Organization estimated that the mining sector accounted for about 7% of the gross domestic product. Uncut diamond, Rough diamonds and timber were the country's leading export products. However, in December 2014, the U.S. Department of Labor report on labor conditions around the world contained a ''List of Goods Produced by Child Labor or Forced Labor'' that mentioned diamonds as a good produced in such working conditions in the Central African Republi ...
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Wagner Group Activities In The Central African Republic
The Wagner Group, also known as PMC Wagner, a Russian paramilitary organization also described as a private military company (PMC), a network of mercenaries, and a de facto unit of the Russian Ministry of Defence (MoD) or Russia's military intelligence agency, the GRU, has conducted operations in the Central African Republic since late 2018. There have been an estimated 1,000 Wagner mercenaries stationed in CAR since 2018, protecting the government of Faustin-Archange Touadéra against rebels amid the Central African Republic Civil War, and seeking to control and extract valuable natural resources. Precious metal extraction could aid the Russian government to weather the international sanctions imposed for its invasion of Ukraine. Wagner forces have been accused of perpetrating human rights abuses in CAR, including the torture and killing of civilians. Military and militia activities In mid-January 2018, it was reported that Wagner may deploy a contingent of its PMCs to th ...
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Sanctions And Boycotts During The Russo-Ukrainian War
A sanction may be either a permission or a restriction, depending upon context, as the word is an auto-antonym. Examples of sanctions include: Government and law * Sanctions (law), penalties imposed by courts * Economic sanctions, typically a ban on trade, possibly limited to certain sectors (such as armaments), or with certain exceptions (such as food and medicine), e.g., ** Sanctions against Iran ** Sanctions against North Korea ** Sanctions against Russia * International sanctions, coercive measures adopted by a country or a group of countries against another state or individual(s) in order to elicit a change in their behavior ** International sanctions during the Russo-Ukrainian War * Pragmatic sanction, historically, a sovereign's solemn decree which addresses a matter of primary importance and which has the force of fundamental law Arts, entertainment, and media *''The Eiger Sanction'', a 1972 thriller novel by Trevanian, the pen name of Rodney William Whitaker ** ''The ...
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Front Organizations
A front organization is any entity set up by and controlled by another organization, such as intelligence agencies, organized crime groups, terrorist organizations, secret societies, banned organizations, religious or political groups, advocacy groups, or corporations. Front organizations can act for the parent group without the actions being attributed to the parent group, thereby allowing them to hide certain activities from the authorities or the public. Front organizations that appear to be independent voluntary associations or charitable organizations are called front groups. In the business world, front organizations such as front companies or shell corporations are used to shield the parent company from legal liability. In international relations, a puppet state is a state which acts as a front (or surrogate) for another state. Intelligence agencies Intelligence agencies use front organizations to provide "cover", plausible occupations and means of income, for their covert ...
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