Small-scale miners are being forced out at gunpoint or extorted to work for the armed groups that are taking over their operations. These gangs later sell the gold in the U.S., a report reveals.
A small statute in the Dodd-Frank Wall Street Reform and Protection Act is wreaking havoc in the Congo, according to a new report by National Center for Policy Analysis Senior Fellow David Grantham.
Authorities say the $2.5 billion illicit mining industry is creating a parallel economy that is deemed to damage the business of those who operate legally.
The facility aims to test a new lithium minerals process developed by the company over the past year.
In the five years since the Dodd-Frank Act passed, oil produced in developing countries was worth an estimated $1.55 trillion for those governments. But because the landmark US transparency law remains delayed, any payments that flowed to governments took place with limited or no transparency.
Conflict mining remains an important issue, and one we are beginning to see governments step in to address in different ways.
The miner is spending $1.3 million in exploration work aimed to reopen a historic tin-indium mine in Nova Scotia.
When institutional capital eventually comes back to the sector, money will flow first to companies in or nearing production now.
Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach
The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.
The country's armed forces raided 63 illegal mines operated by leftist guerrillas, blowing up machinery and arresting dozens.
The lawmakers voted 22 to 16 to strengthen a draft law requiring importers, smelters and refiners to certify their goods are conflict-free.
Expected to hire over 200 people.
This infographic covers everything you should know about copper porphyries, a deposit type responsible for about 60% of copper, 95% of molybdenum, and 20% of gold produced today.
The country wants investors back and has vowed to reduce the time it takes to process permits to less than two months.
"We've seen a lot of people who were involved with the initial diamond rush in the early 90s come back to us."
Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.
When his father could no longer make enough money from the tin mine, when he could no longer pay for school, Bienfait Kabesha ran off and joined a militia.
The ruling, which affects 11 gold mining companies, is the first of its kind in the South American nation.
WTO ruling an afterthought as Beijing approves sweeping changes to its rare earth industry and fast-tracks state stockpiling.
Miner allegedly failed to pay the soldiers a periodical fee in exchange for them turning a blind eye to illegal mining on Venezuelan territory.
Drakelands mine seen creating 200 jobs.
In this interview with The Mining Report, Seddon argues that a supply shortage could mean much higher prices, leading to handsome profits for those companies that get to market soonest.
Colombian authorities have ruled out the chance of finding any survivors.
Colombian rescuers continue Friday looking for more than a dozen people feared trapped beneath debris left by in the collapse of an illegal gold mine.
The proposed law sets up a system of self-certification for importers of tin, tantalum, tungsten, and gold.
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