Tag: Gold
Why is there so much gold in west Africa?
Gold in the region: Gold in west Africa: Origins, reserves, and modern exploration techniques. Militaries that have taken power in Africa’s Sahel region – notably Mali, Burkina Faso and Niger – have put pressure on western mining firms for a fairer distribution of revenue from the lucrative mining sector. Gold is one of the resources…
US declares interest in developing African mining sector
CAPE TOWN, SOUTH AFRICA — The administration of U.S. President Donald Trump is interested in developing the mining sector in Africa. On the first day of his second term, Trump signed an executive order focusing on minerals, mineral extraction, and mineral processing. “Mainly in the United States but if you read closely there are also…
🇲🇱 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,…
Mineral wars: global conflicts fueled by West’s search for rare resources – Part 1 & Part 2
The coming years are shaping up to exacerbate the global geoeconomics and military competition for the world’s 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 for👇 ➡️ Ukraine 🌏 The US “cannot afford” to let Moscow achieve…
Study sheds light on how gold reaches the Earth’s surface
Did you know gold is more plentiful than lead when you analyze the bulk composition of the Earth? You’re probably thinking, ‘Wait a minute, I thought gold was rare!’ 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…
🇲🇱 Mali’s Mining Revolution: A Nation Redefines Resource Sovereignty
The arid and gold-rich landscapes of Mali have borne witness to an extraordinary shift—a 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…
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…
The South African gold mines taken over by criminal gangs
Authorities have resorted to siege tactics to ‘smoke out’ thousands of miners trapped underground Down a shaft that plunged more than a mile below the earth in South Africa’s old mining heartland, a man’s life hung in the balance. After weeks working — then later, trapped and starved by violent gang leaders — in the…
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…
🇧🇷 Brazil police bust $166 million illegal gold scheme on Indigenous lands
In a major crackdown, Brazil’s 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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