LONDON – The illicit trade in gold from artisanal mining is feeding conflicts from Ukraine to Sudan, funding terrorism, fuelling organised crime and subjecting the world’s poorest people to horrendous violence. This is the picture painted by the World Gold Council (WGC) in a report urging concerted international action to clean up the booming sector.
The artisanal and small-scale gold mining (ASGM) industry now produces an estimated 20% of the world’s gold, up from 4% in the 1990s, and possibly accounts for 80% of the global gold mining workforce, said the ‘Silence is Golden’ report.