Zimbabwe: Gold Price Increase Will Not Curb Illicit Trade

1 June 2020

Zimbabwe Environmental Law Association (ZELA) has said the move by government's sole gold buyer Fidelity Printer and Refineries to improve prices for gold delivery alone without comprehensive changes, will not curb illicit trade of the bullion.

In an analysis of the new FPR gold buying framework, ZELA said prices variations alone without a complete turnaround to officially recognize Artisanal and Small-Scale Gold Miners (ASGM), 'is not enough to remove oxygen for illicit gold market'.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.