Pinut-an barangay in the Philippines is dubbed the underwater Klondike for the massive deposits of gold ore on the bottom of the ocean. Since the 18th century, companies tried to establish mining operations there, but none succeeded: they were driven away by typhoons, landslides or low-profit margins. Ultimately the site was left for the locals. Though mining needs a licence, not having one doesn’t stop gold divers from doing their... see more