06.08.2015 Views

mines, balbalan, kalinga - Bali Fokus

mines, balbalan, kalinga - Bali Fokus

mines, balbalan, kalinga - Bali Fokus

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Gold and Mercury Trading• Miners in Gaang collectively produce an averageof 10 kilos of gold monthly.• Purity of gold produced ranges from 14 to 16karats.• They are sold at US$30 per gram to the localgold traders who also operate as mercurysuppliers.• There are at present 11 gold buying stations inthe mining site.• Gold sold to local dealers are further traded inBaguio City.• Mercury used in ASGM in Gaang is sourced outfrom the mercury traders in Baguio City atUS$128 per kilo.• It is sold locally at US$0.70/gram or US$700 perkilo.

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