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Colombia`s new “Sierra Leona”: FARC is receiving funding from gold mines.

Colombia`s gold mining is a funding source for the narco guerrilla FARC

In spite of the blows it has received from the colombian military in recent years, the narco-guerrillas FARC are looking now for more funding proceeding from gold mines, both legal and illegal. Almost same thing happens with other armed groups like in African countries such as Sierra Leone, getting funds from the illegal diamond market.

The colombian newspaper El Espectador published last Wednesday 17th a report that the Revolutionary Armed Forces of Colombia (FARC), receive more than $ 9 million a year from the gold mines operating in the areas of  Magdalena Medio and the south of the Bolivar region, located in central and northern Colombia.

The newspaper has a source within the National Police, and this source informed them all details of the illegal gold trade, and how a group of police men infiltrated the gold mines of the area and described how they funded the FARC, directly or through proxies.

This area has a massive illegal mining activity, which funds the narco-guerrillas and also the narco-paramilitaries.
At least 50% of all mining in that area is illegal, and that makes it difficult to establish how much money the FARC are capturing through mining.  It is also difficult to say how much the legal mining is contributing to the guerrillas.

Colombia in 2009 produced 1.5 million ounces of gold -legally- and it is estimated that between 30% and 50% could arise from illegal mining. READ MORE HERE (in spanish)