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International watchdog exposes use of forced labour in Canadian-Eritrean gold project | MINING.com

International watchdog exposes use of forced labour in Canadian-Eritrean gold project | MINING.com | Gold and What Moves it. | Scoop.it
The group claims the Eritrean government has been using forced labour to construct a gold mine, in a joint venture with Canadian Nevsun Resources Ltd.

 

International group Human Rights Watch said Tuesdaythe Eritrean government has been using forced labour to construct a gold mine, in a joint venture with Canadian Nevsun Resources Ltd. (TSX: NSU).

 

According to the report, the Vancouver-based miner failed to ensure that forced labour was not used in the construction of its African Bisha gold project.

 

The 29-page document, Hear No Evil: Forced Labour and Corporate Responsibility in Eritrea’s Mining Sector, describes how mining companies working in Eritrea risk involvement with the government’s widespread exploitation of forced labour. It also documents how Nevsun – the first company to develop an operational mine in Eritrea – initially failed to take those risks seriously, and then struggled to address allegations of abuse connected to its operations. ...

Hal's insight:

I'm not surprised by this, Eritrea does not have a great track record.

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Burma's raw Gold returns in pure form from China

Raw gold from Burma continued to flow out to China only to reenter the country to cost more than global prices, according to Myanmar Gold Entrepreneurs Association.

 

YANGON(BullionStreet): Raw gold from Burma continued to flow out to China only to reenter the country to cost more than global prices, according to Myanmar Gold Entrepreneurs Association.

 

Association said global gold price fell by $30 last week but local prices didn't fall by 10,000 kyat but only by 5,000 kyat after the markets were flooded with Chinese gold. ...

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Burma Gold dealers start brisk selling as Kyat gains

An ounce of gold is priced at 1,425,646.96 kyat in early trade Wednesday while kyat exchange rate for the day is at 857 to the dollar, down from nearly 900 a couple of months ago.
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