Sunday, May 18, 2025
Voice FM...94.3
  • Home
    • All
    • Extra
    • Featured
    • International News
    • Local News
    • Politics
    • Voice Articles
    • Voice Business
    • Voice Entertainment
    • Voice Sports
    Grammy was created for Americans; let’s believe in what we do – Rex Omar

    Grammy was created for Americans; let’s believe in what we do – Rex Omar

    ‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

    ‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

    2024 elections: I conceded early to save Ghana’s ‘democracy and peace

    I’m happy with the Mike Oquaye report – Bawumia

    I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

    I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

    Chief Justice Torkornoo served with two new removal petitions

    Chief Justice Torkornoo served with two new removal petitions

    GMA condemns dismissal of Tamale Teaching Hospital CEO, demands apology from Health Minister

    GMA condemns dismissal of Tamale Teaching Hospital CEO, demands apology from Health Minister

    Trending Tags

    • Voicefm
  • Politics
  • Sports
  • Business
  • Health
  • Entertainment
  • International
    • All
    • Africa
    • Americas
    • Asia
    • Europe
    Pope Francis dead at 88, Vatican confirms

    Pope Francis dead at 88, Vatican confirms

    Boy, 10, dies after 340-pound foster mother sits on him

    Boy, 10, dies after 340-pound foster mother sits on him

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Kenyan Policeman shoots Magistrate in open court

    Kenyan Policeman shoots Magistrate in open court

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

  • Voice Xtra
    • All
    • Health
    • Religion
    • Technology
    Bono Regional Chief Imam passes on

    Bono Regional Chief Imam passes on

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Owusu-Bempah exposes Opambour’s boy

    Owusu-Bempah exposes Opambour’s boy

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    • Gospel
    • Religion
    • Health
    • Technology
    • Voice Articles
  • LIVE Radio
No Result
View All Result
Voice FM...94.3
  • Home
    • All
    • Extra
    • Featured
    • International News
    • Local News
    • Politics
    • Voice Articles
    • Voice Business
    • Voice Entertainment
    • Voice Sports
    Grammy was created for Americans; let’s believe in what we do – Rex Omar

    Grammy was created for Americans; let’s believe in what we do – Rex Omar

    ‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

    ‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

    2024 elections: I conceded early to save Ghana’s ‘democracy and peace

    I’m happy with the Mike Oquaye report – Bawumia

    I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

    I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

    Chief Justice Torkornoo served with two new removal petitions

    Chief Justice Torkornoo served with two new removal petitions

    GMA condemns dismissal of Tamale Teaching Hospital CEO, demands apology from Health Minister

    GMA condemns dismissal of Tamale Teaching Hospital CEO, demands apology from Health Minister

    Trending Tags

    • Voicefm
  • Politics
  • Sports
  • Business
  • Health
  • Entertainment
  • International
    • All
    • Africa
    • Americas
    • Asia
    • Europe
    Pope Francis dead at 88, Vatican confirms

    Pope Francis dead at 88, Vatican confirms

    Boy, 10, dies after 340-pound foster mother sits on him

    Boy, 10, dies after 340-pound foster mother sits on him

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Kenyan Policeman shoots Magistrate in open court

    Kenyan Policeman shoots Magistrate in open court

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

  • Voice Xtra
    • All
    • Health
    • Religion
    • Technology
    Bono Regional Chief Imam passes on

    Bono Regional Chief Imam passes on

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Owusu-Bempah exposes Opambour’s boy

    Owusu-Bempah exposes Opambour’s boy

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    • Gospel
    • Religion
    • Health
    • Technology
    • Voice Articles
  • LIVE Radio
No Result
View All Result
Voice FM...94.3
No Result
View All Result
Home General News Voice Business

Congo’s illegal gold trade benefiting foreign firms

Attah Dabone by Attah Dabone
July 5, 2016
in Voice Business
0
Congo’s illegal gold trade benefiting foreign firms
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Foreign companies and armed groups are profiting from an illegal trade in gold in eastern Democratic Republic of Congo despite international regulations intended to clean up the sector, Global Witness said.

One Chinese company that operates gold-dredging boats in the region smuggled as much as $17 million worth of the metal out of the country during a 12-month period between 2014 and 2015, the London-based advocacy group said in a report published Tuesday.

Armed groups made as much as $25 000 a month in illegal taxes extorted from artisanal diggers and received at least two assault rifles and $4 000 from the company over a two-year period, it said.

Since 2010, international regulations including Organisation for Economic Cooperation and Development guidelines on responsible mineral-supply chains and the US Dodd-Frank Act have sought to curb the trade in so-called conflict minerals. Due diligence and traceability programs have reduced opportunities for armed groups, of which at least 60 continue to operate in eastern Congo, to profit from trade in tin, tantalum and tungsten. No comparable program has been introduced for gold, which is more transportable and more valuable, leading to an increase in illegal gold mining.

Requirements ‘Ignored’

Last month, the United Nations said that Congolese exporters were ignoring due-diligence requirements to source gold from validated, conflict-free mining sites and described the lack of a functioning traceability system for gold as a “particular area of concern.”

YOU MAY ALSO LIKE :  Ghana politicians' love for Dubai 'shameful' – Adei

Gold production has increased exponentially in Congo from almost nothing in 2011 to 25.5 metric tons (820 000 oz) last year, as commercial mines run by London-listed Randgold Resources Ltd. and Toronto-based Banro Corp. have started up. Officially, only 583 kilograms of gold was produced by artisanal and small-scale miners last year, but Congo’s Chamber of Mines in February said that as much as 400 kilograms of illegal gold leave the South Kivu province alone every month.

Much of the smuggled gold is sold to buying houses in Dubai, Global Witness said. In other cases, provincial authorities in South Kivu falsified documents to obscure the link between gold and non-validated mining sites, it said.

“States have a responsibility to ensure that companies do no harm, including checking supply chains for links to conflict and human rights abuses — Congo and the United Arab Emirates have dramatically failed in this respect,” Sophia Pickles, senior campaigner at Global Witness, said in an e-mailed statement.
Congo is also Africa’s top producer of copper and the world’s largest source of cobalt, which is used to make rechargeable batteries.

Source: Bloomberg

Share this:

  • Facebook
  • Twitter
Previous Post

CPP infighting suicidal – Analyst

Next Post

Aviation staff threaten Friday strike over encroachment on land

Attah Dabone

Attah Dabone

Next Post
Aviation staff threaten Friday strike over encroachment on land

Aviation staff threaten Friday strike over encroachment on land

READ - FROM OTHER CATEGORIES

SUGGESTED - FOR YOU

  • All
  • Politics
  • Voice Business
  • Voice Entertainment
  • Health
  • Technology
Grammy was created for Americans; let’s believe in what we do – Rex Omar

Grammy was created for Americans; let’s believe in what we do – Rex Omar

April 23, 2025
‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

April 23, 2025
2024 elections: I conceded early to save Ghana’s ‘democracy and peace

I’m happy with the Mike Oquaye report – Bawumia

April 23, 2025
I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

April 23, 2025
Chief Justice Torkornoo served with two new removal petitions

Chief Justice Torkornoo served with two new removal petitions

April 23, 2025

EDITOR'S PICKS

Poor Service of Delta Airlines made me miss my Detroit tour – Sarkodie

Poor Service of Delta Airlines made me miss my Detroit tour – Sarkodie

by Attah Dabone
September 11, 2023
0

Ghanaian rapper and songwriter, Sarkodie said he missed his event in Detroit due to Delta

Plot to remove IGP: Dampare to appear before committee on September 12

Plot to remove IGP: Dampare to appear before committee on September 12

by Attah Dabone
September 11, 2023
0

Chairman of the ad-hoc committee probing the leaked plot to remove IGP, Samuel Atta Akyea has

Tema Motorway bridge closes for repair works

Tema Motorway bridge closes for repair works

by Attah Dabone
September 7, 2023
0

The Tema Motorway Bridge that connects Community 18 to Borteyman will be closed to traffic from Sunday,

Wenchi: GES probes teacher for allegedly forcing pupils to swear by deity over stolen phone

Wenchi: GES probes teacher for allegedly forcing pupils to swear by deity over stolen phone

by Attah Dabone
September 7, 2023
0

The Wenchi Municipal Directorate of the Ghana Education Service (GES) in the Bono Region has

Car stolen from a driveway in Canada found in Ghana

Car stolen from a driveway in Canada found in Ghana

by Attah Dabone
September 7, 2023
0

In an astonishing turn of events, a car stolen from a Toronto driveway in Canada

Be transparent in limited voter registration exercise – Mahama tells EC

by Attah Dabone
September 6, 2023
0

Former President John Dramani Mahama has asked the Electoral Commission (EC) to be fair in

NPP flagbearer race: Ghanaians react to Alan’s withdrawal

by Attah Dabone
September 6, 2023
0

Former Trade Minister, Alan Kwadwo Kyerematen’s withdrawal from New Patriotic Party’s (NPP) presidential race has sparked reactions

VOICE NEWS - ARCHIVE

Latest News Trending

Grammy was created for Americans; let’s believe in what we do – Rex Omar

Grammy was created for Americans; let’s believe in what we do – Rex Omar

by Attah Dabone
April 23, 2025
0

‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

by Attah Dabone
April 23, 2025
0

2024 elections: I conceded early to save Ghana’s ‘democracy and peace

I’m happy with the Mike Oquaye report – Bawumia

by Attah Dabone
April 23, 2025
0

Featured News

Grammy was created for Americans; let’s believe in what we do – Rex Omar

‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

I’m happy with the Mike Oquaye report – Bawumia

I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

Chief Justice Torkornoo served with two new removal petitions

GMA condemns dismissal of Tamale Teaching Hospital CEO, demands apology from Health Minister

Fomena-Dompoase accident: One more victim dies

  • Home
  • LIVE Radio

Voice FM Online © Copyright 2016, All Rights Reserved.

No Result
View All Result
  • Home
  • LIVE Radio

Voice FM Online © Copyright 2016, All Rights Reserved.