Midas Ressources SARLU (Midas) is a CAR-based mining company affiliated with Yevgeniy Prigozhin (Prigozhin). Midas maintains ownership of CAR-based mining concessions and licenses for prospecting and extracting minerals, precious and semi-precious metals, and gems. Midas retains the preferential mining allowance to the CAR’s Ndassima gold mine, which experts assess contains gold valued at more than one billion dollars. Moreover, Midas, in conjunction with the Wagner Group, was responsible for denying CAR government officials the ability to inspect the Ndassima mine. Midas, along with other Prigozhin-linked firms operating in the CAR, is key to financing Wagner’s operations in the CAR and beyond. In 2021, the United Nations (UN) confirmed Midas was openly working with the CAR-based rebel group Unité pour la Paix en Centrafrique (UPC) in violation of CAR mining regulations and UN sanctions. Although registered in the CAR, Midas is also connected to individuals involved in Prigozhin’s mining activities in Madagascar.

https://home.treasury.gov/news/press-releases/jy1581