Tag: 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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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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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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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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๐ฒ๐ฑ New era of sovereignty in Mali’s gold sector
Mali, one of Africaโs largest gold producers, is undergoing a radical transformation in its mining sector. The Malian government is intensifying its efforts to recover between 300 and 600 billion FCFA in unpaid taxes and dividends, particularly from foreign mining giants like Barrick Gold. The recent arrest of Resolute Miningโs CEO, Terence Holohan, in November…
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๐ฌ๐ญ Ghana opens its largest single gold mine
Ghana has commissioned its largest single gold mine in a historic milestone. The mine, established by Chinese-owned company Shandong Gold through its subsidiary Cardinal Namdini Gold Limited, is located in the Talensi District of the Upper East Region. The open-pit mine is expected to operate for 15 years, producing around five million ounces of gold…
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