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The Illicit Market for Gold and Platinum
The report examines the theft of gold and platinum group metals (PGMs) in South Africa between 1994 and 1999. It highlights a significant gap between detected recoveries and estimated undetected losses, particularly for gold, where undetected theft is estimated at 35 tons per year. The document details the hierarchical structure of criminal syndicates, the challenges faced by the South African Police Service (SAPS) Diamond and Gold Branch—including resource shortages and corruption—and the economic threat to the mining industry's profitability and employment.
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Document type: Report
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