• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • 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

    Teresa Matich
    Jan. 30, 2015 10:26AM PST
    Precious Metals Investing

    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 mininggold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Orange pushpin on a map marking Indonesia.

    China-Linked Gold Syndicates Driving Toxic Mining Boom in Indonesia: Report

    Mongolia: A Fast-growing Economy with Unique Mining Opportunities 

    Mongolia: A Fast-growing Economy with Unique Mining Opportunities 

    Latest News

    Brixton Metals: Diversified Exposure to Copper, Gold and Silver Projects in North America

    Drilling Recommences at Wagyu Pilbara WA

    Quarterly Activities & Cashflow Report

    Canadian Investment Regulatory Organization Trade Resumption - RZL

    Canadian Investment Regulatory Organization Trade Resumption - RZL

    More News

    Outlook Reports world

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

    Featured Precious Metals Investing Stocks

    Brixton Metals

    Brixton Metals (BBB:CC)
    BBB:CC

    Brightstar Resources

    Brightstar Resources (BTR:AU)
    BTR:AU

    Equity Metals

    Equity Metals (EQTY:CC)
    EQTY:CC

    Juggernaut Exploration

    Juggernaut Exploration (JUGR:CC)
    JUGR:CC

    55 North Mining

    55 North Mining (FFF:CC)
    FFF:CC

    New Found Gold

    New Found Gold (NFG:CC)
    NFG:CC
    More featured stocks

    Browse Companies

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