Midas Ressources SARLU is a Wagner Group affiliated precious metals company based in

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 th ...

Operations

The company is based in Central African Republic, with headquarters in

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 ...

. It is connected to the Wagner Group.

History

The company operates the

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 t ...

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 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, W ...

. Sanctions against the Wagner Group affiliated

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 sanction ...

were imposed at the same time.

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,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 dia ...

* 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

Operations

History

See also

References