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Tuesday, April 7, 2020

ARTISANAL GOLD MINING COMMUNITIES ARE ON THE VERGE OF A CRISIS – THE VIEW FROM CHOCO, COLOMBIA

So why are gold prices for ASM producers crashing? As governments around the world take measures to contain or prevent the spread of the Covid-19, critical parts of the supply chain -particularly those involving transport, logistics and finance -have slowed down or seized up entirely.
The worldwide effort to contain Covid-19 must clearly take priority. But it’s the AGC’s belief that by analyzing the Covid-19 induced disruptions on the artisanal gold supply chain, it should be possible to re-start gold flows in ways that fit within the world’s ongoing virus-battling framework.  We begin by looking at the three main sources of supply-chain disruption as they apply to both Colombia and the world.

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