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Economy 7 months ago
PREMIUM
PPATK uncovers staggering Rp 992t flowing from illegal gold mining
Unlicensed gold mining operations are fueled by a financial network of colossal scale, with suspected funds circulating within the business field estimated at Rp 992 trillion (US$59.09 billion), according to the Financial Transaction Reports and Analysis Center (PPATK).
Archipelago 7 months ago
PREMIUM
Walhi calls for systemic reform after 19 fatalities linked to illegal gold mining
An environmental NGO has called for an overhaul of the sector after at least 15 artisanal gold miners were killed in accidents this month alone, while the national anti-money laundering has highlighted that the illegal activity led to billions of dollars in losses over the past two years.
Academia 7 months ago
PREMIUM
Gold ETFs: Democratizing wealth amid price surges
Gold ETFs offer a modern solution to the strucutural hurdles of accessibility and liquidity as regards traditional gold investment in Indonesia, ensuring securty for all investors as they turn to safe-haven assets amid ongoing economic fragility.
Archipelago 8 months ago
PREMIUM
Riau to legalize thousands of hectares of small-scale illegal gold mines
Riau Governor SF Hariyanto said small-scale mining in Kuantan Singingi must be urgently brought under control to safeguard the Kuantan River, a vital water source for the province that supports around one million people. The river has long been polluted by illegal gold mining, which uses hazardous chemicals such as mercury in the extraction process.
Archipelago 8 months ago
PREMIUM
At least five killed in toxic gas leak at PT Antam gold mine
All victims were residents of Urug village in Sukajaya district, approximately nine kilometers from the mine. They were allegedly engaged in illegal mining activities on Mount Pongkor, just outside Antam’s official concession area.
Markets 8 months ago
Stocks make upbeat start to 2026; precious metals extend sparkling rally
Stocks began 2026 on a positive note in holiday-thinned trade as investors braced for a year set to test the AI-led rally, usher in a change of guard at the Federal Reserve and potentially more market turbulence under Donald Trump's presidency.
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