Miami, FL – July 28, 2020 (EmergingGrowth.com NewsWire) — EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Bactech Environmental Corp. (OTC Pink: BCCEF), (CSE: BAC).
A recent article from Mining.com highlights the issues created by illegal mining. A large refiner in Europe has been targeted for their purchases of gold that was sourced by illegal mining in Africa. The main issue is the participation of criminals who force people into working in caustic and dangerous conditions. In addition, the use of mercury is rampant which leads to all sorts of environmental issues.
BacTech Environmental Corporation (OTC:BCCEF, CSE:BAC), an environmental processing company, has mandated that it will not participate in the purchasing of illegal miner gold. All of the concentrates it purchases will be from government registered companies that follow the rules of mining in that country. It is no secret that in parts of Peru, Colombia and Ecuador these activities are undertaken, mostly in the Amazon where it is difficult to monitor. In addition to hardship on the miners, the environmental degradation is real as mercury will find its way into local rivers and streams. BacTech does not condone this illegal activity and will not buy unregistered gold for processing.
This is not an issue that major producers can escape either. Barrick Gold (NYSE:GOLD), Newmont (NYSE:NEM), Agnico Eagle (NYSE:AEM) and Yamana (NYSE:AUY) at some point have to deal with illegal miners that are attracted to their properties when a gold discovery is announced. What is left behind is a legacy of environmental damage that falls into the laps of the majors who inevitably will be responsible for the cleanup.
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