Sudan Conflict Exposes Dangers of Artisanal Gold Mining
Deaths at artisanal mines highlight the sector's precarious state amid a civil war that disrupts local production.
Global markets Editor: Fabricio Marcilio 1 min read
The war in Sudan has forced many people to seek a living through artisanal gold mining. The sector lacks basic protections and exposes workers to extreme safety risks and violence.
Sixteen-year-old Altayeb Alhadi died following an airstrike at a mining site in the Red Sea region. The incident resulted in the deaths of at least 72 miners on October 10.
Workers use rudimentary tools to extract the metal from rocks in mines scattered across the country. The daily routine involves long hours and pay depends entirely on the amount of gold recovered from each pit.
The unstable situation in Sudan disrupts supply chains and increases uncertainty regarding commodity availability in conflict zones. Volatility in precious metal production in unstable areas may pressure global prices.
Spotted an error? Write to suporte@criptoico.com.br.
More in Global markets
-
Kalshi Partners With S&P Dow Jones Indices for New Contracts
The prediction market platform will use financial benchmarks to create event contracts and gauge market expectations.
Global markets
-
European Natural Gas Prices Hit Highest Level Since 2022
Supply fears due to Middle East conflict and low stockpiles drive up energy costs ahead of winter.
Global markets
-
Apollo Global Management Acquires 10% Stake in Mubadala Capital
American giant deepens strategic ties with Abu Dhabi sovereign fund in global expansion push
Global markets