• Connect with us
  • Information
    • About Us
    • Contact Us
    • Careers
    • Partnerships
    • Advertise With Us
    • Authors
    • Browse Topics
    • Events
    • Disclaimer
    • Privacy Policy
  • NORTH AMERICA EDITION
    Australia
    North America
    World
Login
Investing News NetworkYour trusted source for investing success
  • NORTH AMERICA EDITION
    North America
    Australia
    World
  • My INN
Videos
Companies
Press Releases
Private Placements
SUBSCRIBE
  • Reports & Guides
    • Market Outlook Reports
    • Investing Guides
  • Button
Resource
  • Precious Metals
  • Battery Metals
  • Base Metals
  • Energy
  • Critical Minerals
Tech
Life Science
Precious Metals Market
Precious Metals News
Precious Metals Stocks
  • Precious Metals Market
  • Precious Metals News
  • Precious Metals Stocks
gold investing

Almost 20 Percent of Mongolia’s Rural Workforce Made Up By Unlicensed Miners

Written by Teresa Matich
|
Jan. 30, 2015 10:26AM PST

A recent article from Wired looked at the world of amateur “ninja” mining in Mongolia. According to the publication, almost 100,000 Mongolians, or about 20 percent of the rural workforce, work in the industry.

A recent article from Wired looked at the world of amateur “ninja” mining in Mongolia. According to the publication, almost 100,000 Mongolians, or about 20 percent of the rural workforce, work in the industry.

As quoted in the publication:

The county is rich in natural resources—stunning scenery, yes, but also vast deposits of coal, copper, gold, and other metals. Over the years, industrial mining has punched gaping holes into the landscape, then moved on after taking all it could. Then the locals scour the open pits, taking what the corporations left behind and creating an informal but dangerous industry.

The term “ninja” refers to the large green pans (used to carry ore and sift gold) the miners carry on their backs, which makes them look like the Teenage Mutant Ninja Turtles. It is a difficult way of life; these miners descend into shafts with little structural support and endure bitter cold or searing heat deep underground. There is little in the way of safety equipment or oversight as they chip away at the earth using rudimentary tools.

Click here to read the full Wired article.

industrial mining gold investing
The Conversation (0)

Go Deeper

AI Powered

First Quantum Suspends Guelb Gold-Copper Mine Operations

Uranium Mining Near Grand Canyon Continues to Face Opposition

Latest News

Red Metal's Carrizal IP Survey Defines a Chargeability Trend Across All Six Consecutive Lines, Open at Depth

Building Mines and Growing Resources Presentation

High-Grade Copper-Gold Extends Red Hill To 550m Strike

Precipitate Gold Strengthens Board with Appointment of Dominican Business Leader Pelayo Troncoso and Mining Finance Executive John Wenger

America Needs Antimony, and This Nevada Explorer Just Defined One of the Largest Domestic Resources of It

More News

Outlook Reports

Resource
  • Precious Metals
    • Gold
    • Silver
  • Battery Metals
    • Lithium
    • Cobalt
    • Graphite
    • Electric Vehicles
  • Agriculture
  • Base Metals
    • Copper
    • Nickel
    • Zinc
  • Critical Metals
    • Rare Earths
  • Energy
    • Uranium
    • Oil and Gas
Tech
    • Artificial Intelligence
    • Cybersecurity
    • Robotics
    • Crypto
    • Cleantech
Life Science
    • Biotech
    • Cannabis
    • Pharmaceuticals

Featured Precious Metals Investing Stocks

Transition Metals

XTM:CC

Gemdale Gold

 Gemdale Gold  (GEMG:CC)
GEMG:CC

GoldInxs Mining

GoldInxs Mining (INXS:CC)
INXS:CC

Sankamap Metals

Sankamap Metals (SCU:CC)
SCU:CC

Freegold Limited

Freegold Limited (FVL:CC)
FVL:CC

Allegiance Gold

Allegiance Gold (None)
More featured stocks

Browse Companies

Resource
  • Precious Metals
  • Battery Metals
  • Energy
  • Base Metals
  • Critical Metals
Tech
Life Science
MARKETS
COMMODITIES
CURRENCIES