Recent reports show that mercury is increasingly being used in illegal gold mining zones across the Amazon. SUNAT, a customs agency, announced that they had seized 4 metric tons of the toxic metal at the Callao Port Terminal in Peru. In a statement, the agency highlighted that the seizure prevented mercury from severely impacting the health of individuals as well as the environment, as can be observed in parts of the country where the chemical is being used for illegal mining.
While high prices of gold continue to encourage this illicit trade to flourish, biodiversity is continually damaged and health concerns continue to increase. Consequently, there is a pressing need for gold mining around the world to be formalized since regulated companies like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) stick to approved…
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