Category: Mining
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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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๐ฑ๐ท Liberia: Govโt Announces Revised Fee Structure for Mining Licenses, Permits
The regulation also prescribes royalty rates for various minerals, such as 3% for gold and diamonds, 5% for iron ore, and 8% for strategic minerals. Application fees for licenses range from $50USD to $150USD, depending on the type of application. According to a joint statement from the Ministries of Mines & Energy and Finance and…
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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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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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๐ฑ๐ท The Money Trail in Liberia’s Iron Ore Industry: Accountability, Beneficiaries, and Oversight
Liberia, rich in natural resources, is one of Africa’s largest producers of iron ore, a vital raw material for steel production. However, questions about transparency and accountability have persisted for decades, especially concerning where the revenue from iron ore exports ends up. As large quantities of iron ore leave Liberia’s shores, many citizens are left…
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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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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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Chinese Miners Released Despite Operating Illegally in the DRC, Sparking Outrage
On December 24, 2024, the Congolese government released 14 of the 17 Chinese nationals arrested the previous week for operating an illegal gold mine in Karhembo, South Kivu Province. The arrests had followed an unannounced raid by local authorities on the unlicensed mining operation. The released individuals are now en route back to China, while…
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๐ง๐ท Brazil police bust $166 million illegal gold scheme on Indigenous lands
In a major crackdown, Brazilโs Federal Police announced on Wednesday that they have dismantled a massive illegal gold mining operation on Indigenous lands. The scheme, valued at an astonishing 4 billion reais (approximately $166 million), highlights the devastating exploitation of both natural resources and Indigenous communities in the Amazon region. The investigation revealed a sophisticated…
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