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The darker side of gold mining

cohodkcohodk Posts: 19,284 ✭✭✭✭✭

Gold’s Price Surge Drives Narcos Into Illegal Mining in the Amazon https://www.bloomberg.com/news/features/2025-01-24/narcos-fuel-illegal-gold-mining-in-brazil-destroy-amazon-rainforest

From 2015 through 2020, nearly half of all the gold produced in Brazil, 229 tons worth more than $20 billion at current prices, was illegal or of suspect origin, according to Instituto Escolhas, a think tank. Itaituba and two neighboring municipalities produced or laundered 86% of Brazil’s illegal gold between 2019 and 2020, according to a report by federal prosecutors

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Comments

  • relicsncoinsrelicsncoins Posts: 8,009 ✭✭✭✭✭

    Not just Brazil, Guyana has a lot of illegal mining as well. I think there was a gold rush episode where the Hoffmans were down there and illegal Chinese miners had stripped their claim.

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