How gold surpassed cocaine as Peru’s most profitable criminal industry

Gold prices have surged, leading to a significant increase in illegal mining in Peru. This has made gold the most profitable criminal industry in the country, surpassing cocaine. The rise of gold mining has devastating environmental consequences, with large areas of the Tambopata National Reserve's rainforest being destroyed. The impact on the economy and trade is significant, as the surge in gold prices affects global markets and trade balances.

Why it matters

Illegal mining is causing deforestation in Peru. This could lead to environmental degradation and loss of biodiversity.

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