Category: Gold
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๐ฒ๐ฑ Mali seizes 3 tons of gold from Canadian company
Mali’s military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press. The letter from CEO Mark Bristow to the Malian Mining Minister, dated Monday,…
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Mineral wars: global conflicts fueled by West’s search for rare resources โ Part 1 & Part 2
The coming years are shaping up to exacerbate the global geoeconomics and military competition for the worldโs mineral resources, with President Trump openly eyeing 12 million sq km of territory containing untold riches. Here are the conflicts, present and future, to watch out for๐ โก๏ธ Ukraine ๐ The US โcannot affordโ to let Moscow achieve…
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๐ง๐ท Illegal Gold Mining in Brazil’s Amazon: A Crisis for the Munduruku People and the Environment
In the heart of Brazil’s Amazon rainforest, the Munduruku people find themselves at the center of a crisis that threatens their environment, culture, and unity. As gold prices soar to record highs, illegal gold mining has surged across the region, pitting members of the indigenous Munduruku community against one another and leaving a trail of…
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Congolese Authorities Arrest Chinese Nationals Smuggling Gold and Cash in South Kivu
Congolese security forces made a significant arrest on Saturday, January 5, 2025, when three Chinese nationals were apprehended with 12 gold bars and $800,000 in cash in Walungu territory, South Kivu Province, near the Rwandan border. According to reports from 7 Sur 7, the individuals were traveling in an SUV when they were intercepted by…
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Study sheds light on how gold reaches the Earthโs surface
Did you know gold is more plentiful than lead when you analyze the bulk composition of the Earth? Youโre probably thinking, โWait a minute, I thought gold was rare!โ deposits. Combining the results of this study with existing studies ultimately improves our understanding of how gold deposits form and can have a positive impact on…
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๐ฒ๐ฑ Mali’s Mining Revolution: A Nation Redefines Resource Sovereignty
The arid and gold-rich landscapes of Mali have borne witness to an extraordinary shiftโa quiet yet potent revolution unfolding far from the boardrooms of international conglomerates. For decades, this West African nation has been a key player in the global mining industry, its vast reserves of gold, uranium, manganese, bauxite, lithium, and iron ore drawing…
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Burkinabe Authorities Seize $2.28 Million Worth of Smuggled Gold Near Togo Border
Burkinabe customs and national police made a significant breakthrough in the fight against gold smuggling on Tuesday, December 17, 2024, by intercepting 28.6 kilograms of gold worth $2.28 million. The operation took place in Bittou, a city near the border of Togo, following an anonymous tip that exposed suspicious activities involving three individuals. The suspects…
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The South African gold mines taken over by criminal gangs
Authorities have resorted to siege tactics to โsmoke outโ thousands of miners trapped underground Down a shaft that plunged more than a mile below the earth in South Africaโs old mining heartland, a manโs life hung in the balance. After weeks working โ then later, trapped and starved by violent gang leaders โ in the…
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The Hidden Cost of Gold: Women, Exploitation, and Survival in the Brazilian Amazon
Deep within the heart of the Brazilian Amazon rainforest lies a world of hidden transactions, where goldโdug straight from the earthโbecomes a currency for survival, exploitation, and dreams of a better future. In the shadow of illegal gold mines, brothels emerge, serving as both a lifeline and a source of suffering for women living and…
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Nearly Four Tons of Gold Vanish from Guinea’s Central Bank, Fueling Concerns Over African Gold Smuggling
In a concerning development, nearly four tons of gold valued at $400 million have vanished after being dispatched from the Central Bank of the Republic of Guinea (BCRG) to Dubai, United Arab Emirates, for refining. The gold was transported by MSS Security, a prominent Asian security firm, which has been cooperating with investigators. The disappearance…
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