One had swimming goggles and another a rice bag covering his torso. The unlicensed gold mining industry, known in Ghana as "galamsey", has grown at a breakneck pace this year as global gold prices ...

REUTERS/Francis Kokoroko PRESTEA-HUNI VALLEY, Ghana, Oct 7 (Reuters) – At an unlicensed gold mine in Ghana, men in t-shirts, shorts and rubber boots wade through pools of muddy water laced with ...

At an unlicensed gold mine in Ghana, men in t-shirts, shorts and rubber boots wade through pools of muddy water laced with mercury, pull out rocks with bare hands and operate a rickety sluice as ...

PRESTEA-HUNI VALLEY, Ghana, - At an unlicensed gold mine in Ghana, men in t-shirts, shorts and rubber boots wade through pools of muddy water laced with mercury, pull out rocks with bare hands and ...

Rising global gold prices—jumping from $700 per ounce in 2010 to $1,200 and peaking at $1,900 in 2014—drove a boom in mining activity. The destruction was evident, with over 5,000 hectares ...

STORY: This unlicensed gold mine in Ghana is a booming business. It's one of many in the country generating livelihoods and informal revenue streams. Even as it harms miners' health, pollutes ...

(Bloomberg) -- Zijin Mining Group Co. has bought the Akyem gold project in Ghana for as much as $1 billion in cash as the state-owned firm looks to add resources to meet its aggressive output targets.

While the gold-backed asset offers an alternative to traditional investments, it may not solve the deeper challenges facing the cedi. The Bank of Ghana launched the Ghana Gold Coin (GGC) on 27 ...