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.
The news came as the price of iron ore continues its month-long retreat, diving to a fresh 10-year low Tuesday to $43.69, according to The Metal Bulletin index.
A recent decision by Peru’s government to require mining companies to carry out prior consultation with indigenous communities is set to further complicate the investment climate.
Immersive Technologies has over 80% market share of the high fidelity training simulator in the mining industry with over 930 simulator modules deployed and has achieved quantifiable results to date in partnership with Anglo American's Los Bronces.
Its project would sit on top of the Gramalote deposit, a joint venture between AngloGold Ashanti and B2Gold that could become one of the first modern commercial scale gold mines in Colombia.