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Royal Canadian Mint reviewing allegations about gold from tainted Colombian mines
The mint said it suspended the supply chain after a report alleged cartel-linked gold was mixed with U.S. metal, which accounted for 5% of refining volumes last year.
- The Royal Canadian Mint is conducting a full review following allegations that some gold it refines may originate from Colombian mines controlled by the Clan del Golfo drug cartel.
- A report claims that Colombian gold is mixed with American gold by an intermediary in Texas, and the Mint treats this mixture as entirely North American.
- The Mint suspended refining any material from the questionable supply chain immediately after learning of the allegations from The New York Times, according to spokesperson Deneen Perrin.
- Last year, about five percent of the over five million ounces of rough gold refined by the Mint consisted of such mixed material, according to Perrin.
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The Toronto Star+26 Reposted by 26 other sources
Royal Canadian Mint reviewing allegations about gold from tainted Colombian mines
OTTAWA - The Royal Canadian Mint says it has initiated a full review in response to allegations some of its gold comes from a region of Colombia where drug cartels
·Toronto, Canada
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Mfikeyi Makayi: Mining is needed by everyone
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Coverage Details
Total News Sources30
Leaning Left18Leaning Right1Center5Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 21%
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