?As long as poverty exists, there will be criminals trying to obtain precious metals,? said the study.
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Gold Worth $282bn Pillaged in South Africa Annually
Gold worth nearly $300 million is stolen every year by underground pirates from mines in South Africa
Gold worth nearly $300 million is stolen every year by underground pirates from mines in South Africa, according to the findings of a new report.
The Institute for Security Studies investigation has revealed that gold worth about R2 billion ($282.1 million) is pillaged each year either by one-man bands or by precious-metals smuggling syndicates.
The report also found that 41% of the gold thieves were mine employees and that 56% were unemployed.
?As long as poverty exists, there will be criminals trying to obtain precious metals,? said the study.
?As long as poverty exists, there will be criminals trying to obtain precious metals,? said the study.
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