
“As a result of Uganda’s central bank deregulating gold sales, local production has increased. The precious metal accounts for 30% of Uganda’s export revenue. Illegal mining is having such an impact that experts say it must be stopped in order to shore up revenue collection. A government official said the issue is so alarming that the country exported none of its own gold in April, while Kenya exported 40 kilograms of smuggled Ugandan gold. Some citizens have said police are not responding to calls for them to act on illegal activities. Other reports indicate government officials are profiting from illegal operations through illicit tax collection.”
http://www.mining.com/illegal-gold-mining-costs-uganda-millions-in-lost-revenue-35809/
Related posts:
Iran Lie: Same As Iraq Lie
The Euro in One Lesson
Can Free Zones in the Middle of the Jungle Save the Developing World?
Former S.C. Republican official: ‘C*cksucker’ anti-war vet should have ‘come home in a body bag’
George Soros Takes a Giant Put Position Against the S&P 500
Vegas Mansion San Francisco, For Sale For 9311 Bitcoins
Nigel Farage on "wholesale, violent revolution" in Europe
Bank Of England To The Fed: "No Indication Should, Of Course, Be Given To The Bundesbank..."
HBO executive: Rampant piracy of ‘Game of Thrones’ is a ‘compliment’
Why Are European Governments So Terrified of 'Fake News'?
Chicago now home to nation’s largest vertical farm
Microsoft hoping to replace passwords with public key cryptography
Global terrorist organizations begin to respond to last week’s marijuana votes
Bill Bonner: An Empire of Debt Leading to a "Crack-up" in the Global Monetary System
Men busted in Ukraine’s “fake murder” ruse turn out to be Ukrainian Intelligence