US$60 m gold smuggled to Dubai

Source: US$60 m gold smuggled to Dubai – The Standard December 22, 2019



PRESIDENT Emmerson Mnangagwa has revealed that Zimbabwe has lost gold worth US$60 million through a syndicate of businessmen that clandestinely export the precious mineral to Dubai.

Mnangagwa made the revelations at a no-holds barred event organised by the African Parliamentarians Network against Corruption (APNAC), in conjunction with the Zimbabwe Anti-Corruption Commission (Zacc) and the Transparency International Zimbabwe (TIZ) to commemorate the Anti-Corruption Day Symposium under the theme: Taking Stock of the Anti-Corruption Agenda in Zimbabwe.

The symposium had three different panel sessions, one of which grilled Mnangagwa over corruption in the extractive sector.

One of the panellists, Moses Nkomo, a lawyer told Mnangagwa that the hazards of corruption in the country would affect the attainment of a $12 billion mining sector by 2023 because there was no transparency and accountability in the mining sector.

“The risk to the attainment of this vision is corruption, which is happening on exploration of mineral wealth and we read newspaper reports that said that there are some people that did exploration but the results have been withheld and now we need to depend on their benevolence to tell us the extent of mineral wealth that we have in this country,” Nkomo said.

“Mining contracts in this country are also shrouded in secrecy and this is fertile ground for corruption because in order for someone to be given mineral rights we are no longer aware of the scope of persuasion for someone to be given a favourable deal.”

He said there were no systems to monitor actual production of minerals, adding that there was a high level of side marketing happening at Fidelity and Zimbabwe Mining Development Corporation (ZMDC).

In his response, Mnangagwa narrated how during his recent visit to Dubai he learnt that Zimbabwe’s gold was being smuggled out of the country.

“On the issue of side marketing, I am not a mukorokoza (gold panner), but I was in Dubai last month and a company there said they got US$60 million gold from Zimbabwe through the black market and they even told me that the money does not come into government coffers,” he said.

“We now want to partner with ZMDC so that all the gold goes through Fidelity,” he said.

Zacc deputy chairperson Kuziva Murapa said a taskforce had since been set up to investigate the allegations.

Blessings Hungwe from the Zimbabwe Women Miners’ Association also told Mnangagwa that women miners were now very scared to venture into the industry because of machete wars.

“These (artisanal miners) come to the mines as soon as they discover that a miner has found gold and they loot it violently.  It is now difficult for a woman to mine.  Many artisanal miners, including women have also been benefitting from river bank mining, but now the ZMDC has taken over riverbank mining and has partnered with Belarus and these women miners are left without means of survival and are struggling,” Hungwe said.

She said there was no transparency in issuance of mining loans meant for female miners.

“In 2018 and 2019, we were told that there is $20 million for women miners, but Mr President, only five women were able to access that money and the rest failed to do so due to stringent rules,” Hungwe said.

Other miners said they experienced problems with Zanu PF bigwigs that were grabbing their mining claims.

On machete wars in gold mining areas, Mnangagwa said: “We are against that totally and those found harming others with machetes will be arrested. We want to increase the level of sentencing so that it is deterrent.”


  • comment-avatar
    Saddened 3 years ago

    60 Million, and that was last month alone in one commodity (what about all the USD’s hoovered off the black market). What Ed does not tell you is that this is the tip of the iceberg and that the people behind this is Himself and senior ZANU cadres.

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    ace mukadota 3 years ago

    Dubai – the newest dodgy part of the world – where all crooked people & their money ends up. But hokoyo comrades – people from that part of the world throughout history have always come out on top. And one day you might go there & find your money no longer there ! – then who will you appeal to comrade ?

  • comment-avatar
    Saddened 3 years ago

    60 Million last week and that was the part that was not his personal stash. What about all the US Cash that the top brass are hoovering off the parallel markets?

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    njalo 3 years ago

    The Business and ordinary people of Zimbabwe have always found ways to do exactly what the greedy politicians do to enrich themselves.

    The majority of politicians in Zimbabwe have shiny round faces, extended posteriors, extended abdomens, and the men especially, have many folds in rear of the neck…….all those are features that come from living a life of abundance……..where the majority can hardly put one meal together in a day.

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    Cynical 3 years ago

    Simple. Lets establish which zanu-pf top dogs have traveled to Dubai recently, and arrest them. Oops, a bit close to home isn’t it.

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    harper 3 years ago

    The saddest part of all this is that very little of this lost wealth will be recoverable. The big wigs are very clever at getting wealth out of Zimbabwe but their greed makes them easy victims of fraudsters. A good early example of this was their deposits with the Bank of Credit and Commerce International.

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    Read the article, it twists and turns, Excuse after excuse. Basically he is responsible. If he knew this was going on, it should have been Step in the office Now and be arrested. However it is difficult to do this when you are involved and your ‘Mates’ who keep the chair under your bum are doing it. However no hope you can make a success of the country loosing this sort of money. You wonder why the rest of the world will not lend you 10€ – nasty sanctions!!

  • comment-avatar

    Who has a plane that regularly flies to Dubai unchecked.

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    GoRobin 3 years ago

    Ha ha. The Dictatorship is never going to investigate itself. The gold would have been shipped as air cargo and an Airway Bill issued with the owners details. So where is that paperwork and which ZANU person’s name is on it? All very embarrassing for the Dictatorship and no doubt already covered up. Long live the Dictatorship.

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    Heath 3 years ago

    Same old story smoke and mirrors.Bunch of criminals there are no rules and laws in Zimbabwe.Country number one for looting and corruption.Wont come right under this destructive government.!