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Wednesday, May 10, 2017

Colombia urges international regulation to curb ‘blood gold’: report

In the first decade of the 21st century, two trends intersected: soaring gold prices greatly increased the profitability of gold mining, whilst the US led “War on Drugs”, notably in Colombia and Mexico (‘Plan Colombia’ and the ‘Mérida Initiative’), sharply reduced the profitability of drug trafficking from Latin America to the USA. As a result, there were considerable incentives for the criminal groups that control the drug trade to move into gold mining, and the fragmented nature of artisanal gold mining in Latin America greatly facilitated their entry.
http://colombiareports.com/colombia-urges-international-regulation-curb-blood-gold-bloomberg/

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