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Transcript
00:00What is the state of Zimbabwe's mining industry today?
00:03The World Bank classifies Zimbabwe as a lower-middle-income country.
00:07As of 2021, its GDP per capita stands at just under $1,300 U.S. dollars,
00:12less than the $1,600 U.S. dollars made in Sub-Saharan Africa as a whole.
00:16The bright spot in Zimbabwe's economy has been its mining sector,
00:20which accounts for roughly 12% of its GDP.
00:23But the issue is that smuggling is a common problem.
00:26According to the Ministry of Finance,
00:28Zimbabwe loses close to $2 billion worth of minerals through illegal channels.
00:33While gold is the darling of mineral smugglers,
00:36lithium is smuggled as well.
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