Gold’s price surge drives Narcos into illegal mining in the Amazon
Federal crackdown on environmental crimes and a gold rally that’s sent prices to record highs has driven the industry into further darkness.
The introduction of improvement to the Sena railroad would cost over US$200 million and take at least 18 months, the chairman of Mozambican port and rail company, Portos e Caminhos de Ferro de Moçambique, said Tuesday in Maputo.
Brazilian mining group Vale and Australia’s Riversdale Mining have invested hundreds of millions of dollars in coal mining projects in Tete province and plan to use the Sena railroad to transport the coal to the port of Beira.
