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<p>Stephen Chan, a professor of world politics at SOAS, University of London, has warned Zimbabwe against “carelessly” antagonising Qatar.</p>
<p>This warning follows Mehluli Dube, a former Fidelity Printers official, who secured the attachment of Al Jazeera’s property after being implicated in the “Gold Mafia” documentary, which exposed Zimbabwe’s gold smuggling syndicates.</p>
<p>Episode 2, titled “Smoke and Mirrors,” accused Dube of corruptly signing off licenses for gold smuggling, allegedly receiving US$3,000 per month.</p>
<p>Dube claims the documentary damaged his reputation and sought a court order to attach Al Jazeera’s property as part of a defamation claim against the “peregrini respondent” (an international party not domiciled within the court’s jurisdiction).</p>
<p>Justice Siyabona Musithu granted Dube’s request in a ruling at the Harare High Court. Musithu said that the case was of public interest and deserved to be tested in court to determine the validity of the allegations.</p>
<p>He affirmed that the High Court has jurisdiction, and thus, Al Jazeera’s property could indeed be held as requested.</p>
<p>Posting on X, Chan suggested the lawsuit might be sponsored by Zimbabwean authorities as revenge against Al Jazeera for exposing corruption among the elite.</p>
<p>He warned that such a move could backfire, considering Qatar’s substantial international influence.</p>
<p>He wrote:</p>
<blockquote>
<p>An interesting lawsuit. Whether it has merit, the courts will decide. If it is somehow a ‘sponsored’ suit in revenge against Al Jazeera, it should be kept in mind Qatar’s huge international influence. Not a country to pick a fight with carelessly.</p>
</blockquote>
<p>Al Jazeera, a state-funded broadcaster based in Doha, Qatar, is used by the Gulf State as a powerful tool to advance its foreign policy through public diplomacy.</p>
<p>By broadcasting news and perspectives that align with its interests, Qatar can influence public opinion and elite views both regionally and internationally.</p>
<p>Several countries have restricted Al Jazeera. Egypt has banned Al Jazeera since 2013, accusing it of inciting violence.</p>
<p>Saudi Arabia and the United Arab Emirates (UAE) have blocked Al Jazeera’s websites and channels.</p>
<p>Bahrain has restricted Al Jazeera’s broadcasts, and Israel has called for the closure of Al Jazeera’s Jerusalem bureau and blocked its transmission.</p>
<p>These restrictions are often part of broader political conflicts and accusations of biased or provocative coverage.</p>
<p><strong>More: <a href="https://www.pindula.co.zw/">Pindula News</a></strong></p>


Pindula News

Zimbabwe is warned not to fight with Qatar over a documentary about gold smuggling. An official mentioned in the documentary went to court to sue Al Jazeera, the broadcaster, for defamation. The court allowed him to attach Al Jazeera's property. A professor warned that Zimbabwe should not anger Qatar, who has a lot of power internationally, by suing the broadcaster. Al Jazeera is known for influencing public opinion, and some countries have even banned or restricted it. In the end, the lawsuit could cause more trouble for Zimbabwe if they are not careful.

Zimbabwe Advised To Avoid Confrontation With Qatar Over "Gold Mafia"

<p>According to Fidelity Life Printers, these are the gold buying prices for today 19 August 2020:</p>
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<p>SG 90% AND ABOVE $57.80/g<br/>
SG ABOVE 85% BUT BELOW 90% $56.83/g<br/>
SG ABOVE 80% BUT BELOW 85% $55.54/g<br/>
SG ABOVE 75% BUT BELOW 80% $54.89/g<br/>
SAMPLE BELOW 10g BUT ABOVE 5g $56.18/g<br/>
FIRE ASSAY CASH $57.80/g</p>
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<p>More: <strong><a href="https://miningzimbabwe.com/fidelity-gold-buying-prices-wednesday-19-august-2020/">Mining Zimbabwe </a></strong></p>
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Fidelity Gold Prices - 19 August 2020

<p>While Addressing the senate yesterday Finance Minister Mthuli Ncube lamented gold leakages from the formal channels and said even though gold production had increased in Zimbabwe, deliveries at Fidelity Printers have decreased, The Insider reports.</p>
<p>Said Professor Mthuli:</p>
<blockquote><p>The gold price has gone up because that is a refuge point when in times of crisis because of the COVID-19 crisis, but the deliveries at Fidelity have dropped and that has to do with various things like <em>matsotsi</em> who are taking gold out and all manner of things.</p>
<p>We are dealing with them, but we also dealt with the other thing which was a retention issue.  We changed retention ratio from 45:55 to 70:30 in favour of the miner.  So at least we have done our part as Government.</p>
<p>We still have to deal with the illicit side.  So when we say gold output has gone down, it is not really correct.  Technically, in a sense, it is about official deliveries to Fidelity but the actual gold output out there has gone up.  We know that only that <em>pane matsotsi, otsotsi bayakhupha igolide leliyana.</em>  That is our problem, but the future is bright with the mining sector.</p></blockquote>
<p>The government did not shed light as to how they are dealing with the issue. Meanwhile, <a href="https://news.pindula.co.zw/2020/06/22/tagwireyi-could-become-zimbabwes-biggest-gold-buyer-after-securing-a-special-permit-from-fidelity-printers-report/">Fidelity granted a special license to businessman Kuda Tagwirei’s Landela Mining Venture to purchase gold</a> from small gold producers and stock it at CBZ bank.</p>
<p>More: <strong><a href="https://www.insiderzim.com/zimbabwe-finance-ministers-admits-there-are-massive-gold-leakages/">The Insider </a></strong></p>


Gold Output Has Increased But Deliveries To Fidelity Have Plunged Because Of Matsotsi - Mthuli Ncube

<p>Businessman and alleged Zanu PF benefactor Kuda Tagwireyi and his company Landela Mining Venture through CBZ Bank could become Zimbabwe’s biggest gold buyer after striking a deal with Fidelity printers that will see CBZ turning a portion of its banking halls into specialised gold-buying and handling centres, ZimLive reports.</p>
<p>According to the publication:</p>
<blockquote><p>Fidelity announced on May 26 that large scale gold buyers must own mines producing at least 50kg of gold per month, a move designed to flush out foreign buyers.</p>
<p>Landela Mining has also taken majority shareholding in Jena Gold Mine, Elvington Mine, Golden Kopje Mine and Sabi Gold Mine from the state-owned Zimbabwe Mining Development Corporation as Tagwirei expands his mining portfolio.</p>
<p>The company also owns Bindura Nickel Corporation and is a joint venture partner in the US$500 million Russian-led Darwendale platinum mine project.</p></blockquote>
<p>Tagwirei through Akribos Wealth Managers (Pvt) Ltd has a 30% shareholding in CBZ which makes him a majority shareholder.</p>


Tagwireyi Could Become Zimbabwe's Biggest Gold Buyer After Securing A Special Permit From Fidelity Printers- Report

<p>Local miners have expressed excitement after the Reserve Bank of Zimbabwe’s (RBZ) announced an increase of the gold retention threshold to 70 per cent in foreign currency for sale proceeds from the previous 55 per cent.</p>
<p>In a circular to media houses on Tuesday, the Zimbabwe Miners Federation (ZMF) chief executive officer Wellington Takavarasha said:</p>
<blockquote><p>Please accept our sincere gratitude to RBZ through FPR having increased the gold retention threshold from 55 percent/45 per cent to 70 per cent/ 30 per cent (US$ and RTGS respectively).</p></blockquote>
<p>In a statement, Fidelity Printers and Refiners (FPR) general manager Fradreck Kunaka said the new gold trading framework was with immediate effect. Said Kunaka:</p>
<blockquote><p>Gold producers shall be paid under a 70/30 payment arrangement scheme in terms of which 70 per cent of the gold sale proceeds shall be paid into the producer’s Nostro account and the balance of 30 per cent shall be paid in local currency at the ruling exchange rate into the producer’s ZW$ account</p></blockquote>
<p>Under the new framework, small-scale gold buying agents and artisanal producers shall be paid in cash at a fixed price of US$45 per gramme of fine gold.</p>
<h4><strong>More: <a href="https://www.chronicle.co.zw/rbz-increases-gold-retention-threshold/" rel="noopener noreferrer" target="_blank">Chronicle</a></strong></h4>


Miners Welcome Forex Retention Threshold Adjustment

<p>The Deputy Minister for Mines and Mining Development Polite Kambamura revealed that the country is losing the bulk of its gold through smuggling.</p>
<p>Private gold dealers reportedly pay higher prices for gold than what Fidelity Printers offers.</p>
<p>Fidelity Printers is the gold buying arm of the Reserve Bank of Zimbabwe (RBZ). Said Kambamura:</p>
<blockquote><p>What is a being channelled to Fidelity is only a third. I believe we are already producing 100 tonnes of gold as a country, but I am convinced that we are losing out to smuggling and under-declaration (of gold).</p></blockquote>
<p>Kambamura added that whereas average gold production is 2.5 tonnes a month, from November, the government only received 20 kilograms:</p>
<blockquote><p>Our average production is 2.5 tonnes a month, but from November, we were operating at 47% and the bad news is that we have only received 20kgs.</p></blockquote>
<h4><strong>Related:</strong></h4>
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<h4><a href="https://news.pindula.co.zw/2019/02/21/30-tonnes-of-gold-smuggled-to-south-africa-in-2018/" rel="noopener" target="_blank"><strong>30 Tonnes Of Gold Smuggled To South Africa In 2018</strong></a></h4>
</li>
</ul>
<h4><strong>More: <a href="https://newzwire.live/smugglers-paradise-were-getting-just-a-third-of-the-gold-we-actually-produce-minister-admits/" rel="noopener" target="_blank"><em>NewZwire.com</em></a></strong></h4>


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