South Africa Estimates 35.6 Tonnes of Gold to Have Been Illegally Mined and Smuggled Out of the Country in 2002
Posted on: Tuesday, 8 November 2005, 15:00 CST
South Africa Estimates 35.6 Tonnes Of Gold To Have Been Illegally Mined And Smuggled Out Of The Country In 2002. The Quantity Accounts For Roughly 10% Of The Country's Total Production. No Newer Data Are Available, But Local Miners Doubt The Amount Has Dropped. Under The Current Prices, South Africa's Losses From Illegal Gold Mining And Smuggling Come To Approximately USD 500 Mil/y.
Zimbabwe Is Another Country Were Gold Is Illegally Mined In And Smuggled Abroad. According To An Unnamed Mine Owner, Up To 80% Of Gold Explored In Zimbabwe Is Smuggled Out Of The Country. The Country's Official Gold Mining Dropped From Approximately 30 Tonnes In 1999 To Not Quite 13 Tonnes In 2004. Also, Gold Is Not The Only Commodity To Be Illegally Sold Across The Border. There Is Demand For Nearly All Minerals From Precious Metals To Natural Gas, Crude Oil, Rare Wood To Coffee And Cocoa.
Source: Access Czech Republic Business Bulletin
Related Articles
- Satellites Help Brazil Curb Illegal Drug Activities
- Evolving Gold Intersects 2.48 Grams/Tonne Over 146 Meters at Its Rattlesnake Hills Property
- Raven Gold Corp. Amended - Announces Initial Sample Results of 15.8 Grams Gold and 1,803 Grams Silver at La Currita
- Tara Gold Resources Reports 11.31 Grams/Tonne Gold and 87 Grams/Tonne Silver Across 25.8 Meters
- Paramount Gold Reports 11.31 Grams/Tonne Gold and 87 Grams/Tonne Silver Across 25.8 Meters at the San Luis Zone, San Miguel Project in Mexico
- South Africa Estimates Losses From Illegal Mining at 35.6 Tonnes of Gold/Y
- GATA's Dawson Gold Declaration
- Greens Say 20,000 T of Nuclear Waste Imported to Russia Illegally
- Fall in Illegal Immigrants Entering Denmark
- Cuban Charged With Entering U.S. Illegally
 |
 |
User Comments (0)
RSS Feeds