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Colombian black market in gold rakes in $2.5 billion

Thursday, August 27, 2015

Close to 80% of all the gold produced in Colombia comes from illegal miners, according to recent data unveiled by the country’s government.

The Comptroller General of the Republic, Edgardo Maya Villazón, said the $2.5 billion illicit mining industry is creating a parallel economy that is deemed to harm the business of those who operate legally.

Source: Mining