illegal mining

A joint government-civil society report revealed that Nigeria is losing vast mineral revenues to illegal trading networks dominated by foreign buyers, shell companies, and armed criminal groups. This threatens global supply chain security for critical minerals, potentially forcing companies to seek alternative sourcing arrangements.

An NYT investigation reveals that illegally mined gold from Colombia enters formal gold markets through money laundering networks that reach the US Mint. This exposes critical vulnerabilities in precious metals supply chain verification and could impact gold market integrity and regulatory oversight.