News / Local
Government to sell seized gold worth $300 000
28 Apr 2016 at 07:51hrs | Views
THE Ministry of Mines and Mining Development has given a two-month notice for anyone who claims to be the legal owner of the more than six kilogrammes of processed gold worth over US$300 000 seized from South African citizen, Gert Johanness Drederek Erasmus, more than three years ago, the last chance to claim the loot before it is sold.
Erasmus was arrested at a tollgate at Esigodini in February of 2013 with 38 gold buttons weighing a total of 6,1213 kg which he was in the process of smuggling out of the country.
According to a notice in the Government Gazette of April 8, the ministry's permanent secretary, Francis Gudyanga, invited anyone who could have a legal claim to the gold loot to get in touch with his office within two months, failure of which the contraband would be disposed of.
"The gold may, by prior arrangement, be inspected by a person claiming a legal right to the gold at the Ministry of Mines and Mining Development during the two months following the publication of this notice. If no such person establishes a legal right to any of the gold within the afore-mentioned period, the gold may be disposed of," reads the notice.
Zimbabwe, which is hoping for a comeback to the London Bullion Market Associations (LBMA), says it is working on increasing its annual gold output to 30 tonnes by 2018.
Erasmus was arrested at a tollgate at Esigodini in February of 2013 with 38 gold buttons weighing a total of 6,1213 kg which he was in the process of smuggling out of the country.
According to a notice in the Government Gazette of April 8, the ministry's permanent secretary, Francis Gudyanga, invited anyone who could have a legal claim to the gold loot to get in touch with his office within two months, failure of which the contraband would be disposed of.
"The gold may, by prior arrangement, be inspected by a person claiming a legal right to the gold at the Ministry of Mines and Mining Development during the two months following the publication of this notice. If no such person establishes a legal right to any of the gold within the afore-mentioned period, the gold may be disposed of," reads the notice.
Zimbabwe, which is hoping for a comeback to the London Bullion Market Associations (LBMA), says it is working on increasing its annual gold output to 30 tonnes by 2018.
Source - Financial Gazette
