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Much Colombian gold mined illegally

Thursday, December 15, 2016


Illegal armed groups and informal miners extract approximately 80 percent of the gold on the market in Colombia, according to the Colombian Mining Association.

The association’s chairman Santiago Angel told newspaper El Espectador that approximately 2 million ounces of gold per year are extracted outside the formal sector. Legal gold mining companies extracted approximately 260,000 ounces in 2016, said Urdinola.

Source: Colombia Reports