The Extractive Industry and Climate Change Governance Fund comes from the Ford Foundation’s $1 billion social bond, launched in 2020.

Report shows the red gems continue to fuel human rights abuses in the country and are likely to be sold by some of the best-known luxury brands.

A report by Global Witness states that concessions on and around DRC’s lithium deposits are or were held by or involved people with close business relationships with former President Joseph Kabila.

The company will also grant Tanzania a 16% free-carried interest in its subsidiary Williamson Diamonds Limited.

The Israeli billionaire, who was convicted of minerals rights-related bribery in January by a Swiss court, remains in the country.