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Rise of illegal gold mining in Africa
The rise of illegal gold mining in Africa
In South Africa, a months-long standoff between police and illegal gold miners has resulted in over 100 deaths. This surge in illegal gold mining has highlighted the growing dangers of the industry. Zinhle Essamuah traveled to West Africa to explore the forces driving the dark side of the gold rush.
Why the gold boom is causing a surge in illegal mining
In challenging economic and geopolitical times, investors bet on gold for its ability to store value. Gold prices hit record highs last year, with some analysts forecasting the precious metal could reach $3,000 an ounce by the end of 2025. But the boom has also been linked to a surge in illegal gold mining.
Death and desperation in SA’s illegal gold mines
The national crackdown against illegal mining began in late 2023, in part spurred by the rise of violent crime in communities adjacent to mines taken over by heavily armed gangs who set up camp alongside them. In 2022, a group of eight women were raped in the town of Krugersdorp allegedly by illegal miners, sparking widespread outrage.
1d
on MSN
Operator error blamed for elevator incident that led to death of guide at former Colorado gold mine
Authorities say an incident involving an elevator at a former Colorado gold mine that led to the death of a tour guide and ...
16h
Agnico Eagle: Creating A Million-Ounce Mining Complex
Discover Agnico Eagle Mines Limited's strategic acquisition of O3 Mining and potential to elevate Canadian production to 1Moz ...
3d
on MSN
Rescuers try to free men trapped in South African gold mine with scores reported dead
The South African government has launched a rescue operation at an abandoned gold mine in the country’s North West province, ...
3d
on MSN
At least 78 dead at abandoned South Africa gold mine that was scene of a standoff
Rescuers and volunteers have pulled at least 78 dead miners and more than 160 survivors from an abandoned South African gold ...
2d
on MSN
Orla Mining gold production drops in Q4 but rises for the full year
Orla Mining (NYSE:ORLA) -1.7% in Thursday's trading after reporting lower Q4 gold production from its operations in Mexico ...
2d
Colorado investigators blame 'operator error' in deadly 2024 gold mine incident
Investigators determined that the incident at the Colorado tourist mine was "not attributed to current mine practices or equipment malfunctions." ...
2d
on MSN
Deadly Cripple Creek gold mine accident was result of operator error, report says
TELLER COUNTY, Colo. — An accident at a tourist gold mine in Cripple Creek that killed a man and left more than a dozen ...
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