Posted on November 23, 2014
In this article from 2014 Nov 20, Channing May describes a number of ways in which the integrity of the South African gold mining sector is being compromised by illegal and conflict mining, organized crime, and other illicit practices. This situation muscles out legitimate mining companies and risks the livelihoods of their employees. It also robs South Africa of much needed tax revenues. Canadian Dealers in Precious Metals and Stones should review their risk-based assessment and determine their exposure to South African gold. Policies and procedures should reflect this risk.
Read the entire article here: http://www.gfintegrity.org/good-gold-south-africas-problem-illegal-gold-mining-severe-growing/