German and Italian Gold Imports Linked to Amazon's Illicit Mining Boom A recent study by Instituto Escolhas reveals that Germany and Italy are importing significant amounts of Brazilian gold from Amazon regions known for illegal mining. All of Germany’s 1.3 tonnes and 71% of Italy’s 356 kg of Brazilian gold imports in 2023 came from areas with rampant illegal mining activities. The report highlights the need for increased European scrutiny, as current due diligence processes have significant blind spots. Despite EU regulations, about 94% of Brazilian gold imported by these countries has dubious origins, often passing through multiple intermediaries from numerous Amazon gold prospects. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Dollar Gains as Market Awaits Fed Minutes; Pound Steady on Inflation Data READ MORE Gold's Stellar Month Tipped by Fed's Monetary Hints READ MORE A Guide to Trading Gold and Silver Futures Contracts READ MORE Understanding Recession Indicators: Is the US Economy at Risk? READ MORE UBS Forecasts Commodity Rally Driven by Strong Fundamentals READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment