Extortion Fee Paid by Miners in Colombia

Illegal mining groups in Colombia are reported to be paying 1 percent of their total production to paramilitary groups such as the FARC. One miner who is involved in unlicensed mining stated that his group pays between $540 to 840 a month in extortion fees.

The Mine Minister of Colombia estimated that at least 40 percent of all mining activities in Colombia in 2011 was unlicensed. The drug trafficking and paramilitary organizations control at least 30 percent of the illegal mining activities.

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2 Percent of Cocaine Value Remains in Colombia

According to a study by two economists at the University of the Andes in Bogota, only 2.6 percent of the total street value of cocaine produced in Colombia remains in the country. The other 97.4 percent of the profits and money goes to the drug trafficking cartels and is laundered through banks in first-world countries.

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Estimated Market of Counterfeits in Colombia

The market in counterfeit goods in Colombia is estimated to be worth between $4 Billion to $5 Billion a year. Up to 12 million pairs of counterfeit shoes from China enter Colombia each year. One out of ever two bottles of alcohol sold in the Northern Antioquia province was counterfeit.

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