Value of Gold Smuggled Out of Zimbabwe Each Month

The Minerals Marketing Corporation of Zimbabwe reported in May 2013 that up to $50 Million worth of gold was being illegally smuggled out of Zimbabwe each month. The gold is believed to be smuggled to South Africa where it is refined on its way to Switzerland. The cost to refine the gold in South Africa… Continue reading Value of Gold Smuggled Out of Zimbabwe Each Month

Smuggling Incidents in Vietnam in 2012

Law enforcement agencies in Vietnam investigated nearly 31,400 cases of black market smuggling in 2012. The value of the illicit goods was worth $21 Million (440 Billion Vietnamese Dong). Between November 2012 to the end of February 2013, authorities arrested 11 pirates from Indonesia, 46 heroin traffickers, confiscated nearly 800 ecstasy pills, 24 kilograms of… Continue reading Smuggling Incidents in Vietnam in 2012

Earnings from Gold Smuggling in India

A gold smuggler in India can make $33.50 (1,800 Rupee) for every 10 grams of gold that is smuggled into the country, according to jewelers in the country. The government of India has raised the duty on gold, thus increasing the black market smuggling of gold to avoid duty payments. (More income and profits from… Continue reading Earnings from Gold Smuggling in India

Gold smuggling in the Philippines

Law enforcement officials and traders in the Philippines estimate that up to 90 percent of the gold mining done by small-scale miners in the country is sold on the black market and smuggled out of the country.

By law, gold that is mined in the Philippines must be sold to the Central Bank. However, in the second quarter of 2012, the amount of gold sold by small-scale miners dropped by 98 percent from the year before.

Gold Miners are selling their gold on the black market either directly to tourists, or to middlemen who smuggle the gold onto world markets such as Hong Kong.

Extortion Fee Paid by Miners in Colombia

Illegal mining groups in Colombia are reported to be paying 1 percent of their total production to paramilitary groups such as the FARC. One miner who is involved in unlicensed mining stated that his group pays between $540 to 840 a month in extortion fees.

The Mine Minister of Colombia estimated that at least 40 percent of all mining activities in Colombia in 2011 was unlicensed. The drug trafficking and paramilitary organizations control at least 30 percent of the illegal mining activities.