[3] This prompted Banro to file a $1 billion lawsuit at the International Centre for Settlement of Investment Disputes.
[4][5] Following the ascension of Joseph Kabila as president of the DRC, the matter was ultimately settled out of court in April 2002, with Banro getting a 100% interest in the Twangiza, Kamituga, Lugushwa, and Namoya gold mines for a 30 year term.
[7] In August 1998, a few days after SAKIMA's mining rights were revoked, Rally for Congolese Democracy (RCD) launched a rebellion that became the Second Congo War.
[9][10] In 2020, SAKIMA signed a joint venture agreement with the Ugandan company Dott Services to run mining sites in Maniema province.
[11][12] In June 2021, DRC president Felix Tshisekedi signed an agreement with Rwandan president Paul Kagame for gold from the venture to be sent to the Rwandan company Dither Ltd for refining, but the deal was revoked in June 2022 amid the renewed offensive of M23.