Brazil’s illegal gold trade takes a hammering, but persists underground

Upsides of Social Media MarketingNew Web Hosting Pioneer Emerges, Offering Affordable Hosting Solutions Coupled with…

But they warn the illegal gold still persists, shifting to unofficial channels to evade the eye of regulators. With the Supreme Court declaring the “good faith” law unconstitutional, DTVMs must now do their due diligence to ensure the origin of the gold they buy. That trend has since intensified. From January to March 2024, tax from the gold trade plunged by 81.5% in the state, compared with the same period in 2023. The Pará municipality of Itaituba, Brazil’s largest illegal mining hub, saw a 92.5% reduction during this period.

Pavarina, who follows the daily movement of miners in Itaituba, said the gold trade still persists, although on a smaller scale. “The market continues, production continues. The mining areas are huge, I doubt it will stop.”

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa: Will South Africa's Voters Survive the Disinformation Deluge?The biweekly report by the Centre for Analytics and Behavioural Change (CABC) sheds light on what they describe as concerning trends in online activity leading up to South Africa's general elections.
Source: allafrica - 🏆 1. / 99 Read more »

South Africa: Zimbabwean Migration to South Africa - How Technology Helps Keep Families TogetherAnalysis - Political instability and economic decline in Zimbabwe have accelerated migration to South Africa in the last two decades. Because of the overriding socio-economic focus of the migration, people often fail to understand the effects on the migrants and their families.
Source: allafrica - 🏆 1. / 99 Read more »

Nigeria/South Africa: Paris 2024 - Minister Charges Super Falcons to Break Jinx in South AfricaThe Minister of Sports Development, John Owan Enoh, has tasked the Super Falcons of Nigeria to defeat their South African counterparts in the second leg of their Olympic qualifiers on Tuesday in Pretoria.
Source: allafrica - 🏆 1. / 99 Read more »

South Africa: EFF and MK Party Dominate South Africa's Online Election DebateIn the lead-up to South Africa's 2024 national elections, the Economic Freedom Fighters (EFF) and the uMkhonto weSizwe Party (MKP) are dominating the online conversation, according to this biweekly report from the Centre for Analytics and Behavioural Change, which analyzed the conversation between 18 March and 1 April 2024.
Source: allafrica - 🏆 1. / 99 Read more »

Africa: USAID Launches the Africa Trade Desk through Prosper AfricaPress Release - Today, Deputy Administrator Isobel Coleman announced the launch of the Africa Trade Desk, a signature trade platform from Prosper Africa that links large U.S. food retailers to African producers.
Source: allafrica - 🏆 1. / 99 Read more »

South Africa: Today’s latest news and headlines, Wednesday, 20 March 2024In the latest news in South Africa on Wednesday, 20 March 2024, investigators raided the home of the parliament speaker.
Source: TheSAnews - 🏆 25. / 59 Read more »