UAE suspends 32 gold refineries in money-laundering crackdown
The UAE is cleaning up its gold sector as part of a broader effort to rehabilitate its financial reputation.
New York Times reports that high commodity prices are escalating decades-old conflict in Colombia. Vestiges of former insurgency groups, like the Revolutionary Armed Forces of Colombia as well as right-wing paramilitary groups, are looking to mining as a new source of income:
The result is a gold rush unlike any now under way in South America, both feeding off Colombia’s evolving conflict and keeping it alive. Up and down the sweltering river basins around Medellín, miners from across Colombia are flocking to sites where backhoes are tearing up forest and tree canopies, leaving behind lunaresque landscapes.
Michael Allan McCrae wrote this story. You can contact him at [email protected].