Golden Gamble. Gold mining in the Philippines, a dirty business

  • Published 3 years ago
  • Not Rated

Gold is one of the most precious currencies in today’s market. Until bitcoin and other crypto currencies catch it, gold is the most expensive trade asset you can possess.

Which is why gold mining is such a wide spread business. Companies are constantly looking for the next gold mine. And usually, that mine comes in a third world country, one where money are tight.

Such is the case at the Philippines, where the city of Paracale has been dubbed “Goldtown”. With so many mines in the city, the town has become a popular location for gold companies.

But the problem is use of child labor. Use of child labor at the Philippines is widespread, and at Pracale, it involves extracting gold from mud-filled shafts and using toxic mercury.

Because of the poverty and lack of alternative jobs, people at the Philippines are forced into this dangerous work. As a result, many of them die young due to breathing problems and work accidents.

Families cannot afford to send children to school, and they forced to work their way into the world. The saying at the Philippines is “while working down the mine, you have one foot in the grave”. The reason is respiratory issues caused by inhaling mercury fumes.

From Around the Web

Related Videos

Robert Toru Kiyosaki is an American businessman and author. Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides...

  • 138
  • 2 weeks ago
  • 9(1)

The wood industry is the industry concerned with forestry, logging, timber trade, and the production of primary forest products and wood products.The industry shows an annual payro...

  • 269
  • 2 months ago
  • Not Rated

The Chinese economy thrives as a manufacturing powerhouse and the nation’s products seem to be everywhere. These days, wherever you look, you will find Chinese products. An...

  • 1,428
  • 1 year ago
  • 9.5(2)
Business
oil history
youtube icon
01:32:36

We talk it all the time. Nowadays, big oil companies rule the world. We even use the term “Seven Sisters”. It is a term for the seven transnational oil companies which do...

  • 1,046
  • 1 year ago
  • Not Rated
Avatar

4,533 Videos / 15,554,174 Views
Tags

Related Articles
Her calling card was her robe de style dress. This gown hung straight and narrow on the torso, but then ballooned out wi...
  • 1,496
  • 1 year ago
At the peak of his fortune, Jesse had a net worth of $100 million. That was back in 1929. In today’s money, that would...
  • 2,793
  • 1 year ago
The term first appeared in the early 1970s. The origin of the term can be found in the word “kacho-byo”, which trans...
  • 3,174
  • 1 year ago
According to a poll, Americans say you need an annual income of about $100,000 to be considered rich. In the poll, Ameri...
  • 3,305
  • 2 years ago