Gold

Violence erupts as social-media-fuelled gold rush swamps northwestern Zambia Hundreds of police clashed with thousands of informal miners this week in northwestern Zambia after viral posts claimed gold lay just beneath the surface across a wide rural swathe. The sudden influx — tens of thousands of people by local estimates — overwhelmed local authorities, sparked allegations of bribery and violence, and prompted a delegation of senior ministers to the scene in a bid to restore order. Officials said security forces had…

Ancient gold bracelet disappears from Cairo museum days before landmark opening What happened Egyptian authorities launched an urgent search this week after a 3,000-year-old gold bracelet vanished from a restoration laboratory at the Egyptian Museum in Cairo. The artifact — a delicate cuff studded with lapis lazuli beads dating to the reign of King Amenemope of the 21st Dynasty (circa 993–984 BC) — was reported missing while conservators were preparing items for an exhibition in Rome, the Ministry of Tourism and…

The Gold Coin Dilemma: Zimbabwe’s Currency Crisis Continues to Unfold In a bid to stabilize its struggling economy, the Reserve Bank of Zimbabwe made a bold announcement in April 2023: gold coins were to be reintroduced into the market. This move was intended as a countermeasure to the increasingly erratic global gold prices that were wreaking havoc on local currency values. Yet, as the months unfolded, the temporarily revived enthusiasm for these coins proved to be a fleeting beacon of hope against long-standing financial…

MINNEAPOLIS, Minn (AX) — Thieves orchestrated an audacious heist at Southdale Center in Edina, making off with a whopping $700,000 in gold from Gift Jewelers. The shop owner, Omar Mahamud, is reeling from the hit, while detectives are trying to unravel this near-perfect crime. Barely had the store closed its doors for the night, when at around half-past eight, sounds of drilling echoed — captured by surveillance. The crooks carved their path through a nearby bathroom wall, then sliced through the barriers to the jewel…

In a tragic incident at a historic gold mine in Colorado, one person lost their life while 23 others were successfully rescued after a lift failure stranded them underground for several hours. This unfortunate event unfolded during the popular Mollie Kathleen Gold Mine Tour, where visitors descend about 300 meters into the earth, deep within the western US state. The Teller County Sheriff's Office reported that 11 individuals, including two children, found themselves confined in the lift when the malfunction occurred. As a…

At the 2024 Paralympic Games, a remarkable accomplishment unfolded as ten African nations stood proudly on the podium, collectively clinching a total of 23 gold medals across eight countries. This achievement highlights the growing prowess of athletes from the continent in various sporting disciplines. On this grand stage, Morocco distinguished itself as the standout performer, amassing an impressive haul of 15 medals. Yet, it was Algeria that stole the spotlight with a remarkable six golds, marking its dominance in the…

ISIS Somalia Branch Bolsters Operations with Gold Sales, Reeling in Up to $6 Million AXADLE, Somalia — Nestled in the rugged northeastern Bari region, the Islamic State's Somalia faction has found a lucrative gig — hawking locally mined gold, according to various accounts. Since 2022, these golden ventures have lined the group's coffers to the tune of an estimated $6 million, the International Crisis Group reports. The gold trade orchestrated by ISIS-Somalia shines a light on not just their economic maneuvers but also their…

"Kenya: when green gold threatens elephant survival".…

Tunisia's Ahmed Hafnaoui won the gold medal in the 400 m freestyle at the Tokyo 2021 Olympics, the first African title at the Olympics, on July 25. The 18-year-old swimmer created a huge surprise and already gave Tunisia a second charm. Tunisia will definitely strike a blow at the start of the Tokyo 202 Olympics. After Mohamed…

This is one of the effects of Sudan's return to the international scene, mining companies flock there to invest in gold and copper in particular. On June 17, the government granted nine mining concessions, eight for gold and one for copper. Companies from all over the world can now invest without worries since the lifting of US sanctions.…