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    1 article tagged with Failure

    East Africa Metals sites hit by illegal mining: report
    Mining
    3 days ago

    East Africa Metals sites hit by illegal mining: report

    Illegal mining activities have reportedly occurred at East Africa Metals' Mato Bula and Da Tambuk sites in Ethiopia's Tigray region, driven by a more than 50% rise in gold prices this year. Despite the company's claims of non-operational status, former soldiers and Chinese miners allegedly extracted gold from early 2024 to mid-2025, backed by undisclosed investors. The region's interim president has deployed a task force to halt mining, but enforcement is threatened by escalating conflict, raising concerns of a Sudan-style resource conflict with minimal local benefits.

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