Police in Indonesia’s Gorontalo province have closed a suspected illegal gold mining operation in East Tulabolo Village, Bone Bolango District, after discovering evidence of unauthorized extraction activities.
The raid is part of a broader enforcement trend across Southeast Asia targeting unlicensed mining operations.
2 million, and in North Sulawesi, where the Indonesian Ministry of Forestry shut down operations in the Mobungayom Limited Production Forest.
Similar actions have been taken recently in Malaysia’s Kelantan state, where authorities seized heavy machinery valued at RM4.2 million, and in North Sulawesi, where the Indonesian Ministry of Forestry shut down operations in the Mobungayom Limited Production Forest.
While these enforcement actions signal tightening regulatory oversight in the region, the volume of gold produced by such informal operations is generally considered marginal relative to global supply.
Consequently, the immediate impact on international gold prices is expected to be minimal.
Gold futures have remained stable in recent sessions, with prices hovering near recent highs.