“Investments by companies are being held back as ambiguous local regulations exacerbate the effects of the global gold slump. In contrast, informal operations in remote rivers and jungle areas are flourishing. The government acknowledges that the number of producers without licenses probably has risen from the last census in 2010-2011, when they accounted for 87 percent of all gold mines. While authorities are shutting down unregulated producers at an unprecedented rate, the growth of new operations shielded from environmental and labor restrictions is even faster, police say. Armed groups can reap more profit from illegal gold mining than cocaine.”

http://www.bloomberg.com/news/2013-07-24/colombia-illegal-gold-mines-prosper-in-global-rout.html

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