One of the diamond mining companies in Chiadzwa,Jinan Mining Private Ltd, Could have externalised about $450 Billion to Botswana. STARFM ZIM Reports The deputy General Manager, Tapiwa Goronga told Parliamentary portfolios committee on youth, Indigenisation and economic empowerment chaired by zanu pf Mp for Gokwe Nembudziya, Cde Justice Mayor Wadyajena. Police Serious Fraud Section are investigating the matter. Watch more News, Comedy, Zim Dancehall, Music and Technology news on https:// www.zimditvnews.com
Views: 624 Slymediatv Online Tv Network
WATCH THE FULL DOCUMENTARY PLAYLIST: https://www.youtube.com/watch?v=B7woc5bnBWQ&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA VIDEOS: Hope to Glory: Chapter I – Fields of Diamonds to Cities of Gold https://www.youtube.com/watch?v=B7woc5bnBWQ&index=1&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA Hope to Glory: Chapter II – A New Brotherhood https://www.youtube.com/watch?v=JhqWS3VwuEQ&index=2&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA Hope to Glory: Chapter III – Nothing Left to Lose https://www.youtube.com/watch?v=5IpTXFLl_c4&index=3&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA Hope to Glory: Into the Marange Diamond Fields https://www.youtube.com/watch?v=v-JLPeo1Kd4&index=4&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA Hope to Glory: Crossing Beitbridge https://www.youtube.com/watch?v=HjRjPdF1aq0&index=5&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA Hope to Glory: Raiding the sanctuary https://www.youtube.com/watch?v=CgJbCt3oLw8&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA&index=6 Themba Gorimbo: Through the eyes of his coach https://www.youtube.com/watch?v=cIxs5BJ_v0o&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA&index=7 Hope and Glory: Friends 'til the End https://www.youtube.com/watch?v=9Y_7qh3PMOg&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA&index=8 Hope to Glory: Fighting Career Highlights https://www.youtube.com/watch?v=Nc0y-OUafSY&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA&index=9 MMA fighter Themba Gorimbo has dark days behind him https://www.youtube.com/watch?v=c7qz7dDH3iU&list=PL2BJTpLEt7O4uEIbC8nXRxyW9hLNuY9EA&index=10
Views: 3076 eNCA
Lovemore Kurotwi author of 'The Rise and Fall of Chiadzwa, My Personal Experience' speaks to the Parliamentary Committee of Mining and Energy chaired by Temba Mliswa. Mr Kurotwi was arrested in 2010 on charges of prejudicing the State of $2 billion in a botched diamond deal after then Mines minister Obert Mpofu accused him of fraud. Stay Up to Date: http://bit.ly/2A8b1tr Like Zim Stones on Facebook: https://www.facebook.com/Zim-Stones-1996676987264960/ Lovemore Kurotwi's testimony before the Mines and Mineral Development Portfolio Committee chaired by Hon. T. P. Mliswa • I was a shareholder of Core Mining Minerals and had 46% shareholding and 54% was in the hands of foreigners. • Former Mines Minister Hon Dr OM Mpofu asked for a $10mln bribe for a license to mine diamonds in Chiadzwa • Core Mining Minerals was allowed to mine between December 2009 to November 2010. We were not allowed to sell but stockpile the diamonds • We produced 1 717 174 carats of diamonds in the same period. These were worth $15mln. 20% were clean gems • I advised Government to nationalise Chiadzwa diamond field because it was too rich to be exploited by private companies • Core Mining Minerals was supposed to invest $1bn in the Chiadzwa fields • I reported Hon. Mpofu to the former Pres.R. G. Mugabe but was arrested on allegations that I lied to the Minister that there was a company that was supposed to invest $2bln. I feel Hon. Mpofu wanted to fix me for not paying the $10mln bribe • Hon OM Mpofu instructed miner Carnadile, ZMDC and MMCZ to pay a total amount of $600 000 to lawyer Farai Mutamangira. Then ZMDC Chairman Goodwill Masimirembwa instructed Carnadile to pay another $300 000 to the lawyer. Farai Mutamangira was representing the Ministry of Mines and ZMDC • I have no hope in the new dispensation because it continues to have Dr Mpofu as Minister but ZANU PF will self cleanse, I now believe why this is being allowed to happen. • The proposed joint venture between Core Mining, ZMDC's Carnadile Mine was ordered to pay $300k for unclear legal processes Hon Mliswa: Was Pres Mugabe corrupt? Lovemore Kurotwi: • Yes President Mugabe was very corrupt. • Diamond business was a one man (Mpofu) event. He even appointed Carnadile board members and the board members were inexperienced in diamond business • From the way Mugabe defended corruption I think he was also corrupt, I even wrote letters to him but he ddnt respond *Upon being asked whether Zimbabwe lost $15bln in diamonds* Lovemore Kurotwi: • More than that could have been lost, if one considers that diamonds started leaving the Chiadzwa area many years before 1980. It is not known how much was lost after the formal mining began in 2006. In the first days you could pick surface diamonds. • The Minister and Permanent Secretary are always busy. I have not had a chance to meet them about the Diamond Centre • We run a diamond school but we struggled to get diamonds from MMCZ to train students. The Minister instead flew all the way to China and sent 10000 carats to a diamond school there • How do you give licences to diamond cutting companies but don't guarantee them a supply of diamonds? Why are we sending diamonds to other countries? • It is not a good idea for Zimbabwe to cut and polish their diamonds in Botswana Earn Extra Money Online: http://bit.ly/2yYbf1z
Views: 5500 Zim Stones
ABOUT THE PROJECT The Marange Diamond fields in Zimbabwe have been plagued with conspiracies and political red tape since the discovery of diamonds in the region in 2006. There have been many debates whether Zimbabwe diamonds should be allowed onto the world market and the industry has been divided on what position to take. Although we have seen the public debates and we have heard the arguments there is still one side of the story that has not been told: the side of the people who call the Marange district of Zimbabwe home. In order to portray this story we will follow one of the Marange Chiefs on his journey and undertakings throughout South Africa and Zimbabwe and share with you the vision and the mission of the tribal leaders of Marange.
Views: 802 Zimbabwe Diamond Trust
The "Marange Voices" is a documentary about communities in Marange Zimbabwe where there are the biggest diamond operations in the country. It captures stories about the environment, economy, society and culture since diamond mining started. It carefully narrates the voices of women in Hot Springs and Buhera where water pollution has cause havoc to livelihoods. Almost mid-way it moves its attention to the voices of communities in Arda Transau whose lives have never been the same since their relocation following the discovery of diamonds.
Views: 3404 ZELA Information
Zim News: Chinese sneak back into Chiadzwa. CHINESE diamond miner Anjin Investment is set to resume mining operations in Chiadzwa after the government allegedly bowed to pressure from Beijing. BY EVERSON MUSHAVA Anjin and other diamond companies were barred from mining in the once rich diamond fields by former President Robert Mugabe’s government in 2016 following allegations of looting. Other companies were forced into a merger to create the Zimbabwe Consolidated Diamond Company (ZCDC), but Anjin resisted the move. According to governmen...
Views: 507 Zim News
A BBC investigation in Zimbabwe has uncovered evidence that senior people around President Robert Mugabe are benefiting from the sale of illegal diamonds. In this exclusive report, World Affairs Editor John Simpson goes on the trail of the country's illegal diamonds to Marange, in eastern Zimbabwe.
Views: 20556 mangwanani
Marange diamond comes under the spotlight in Brussels . - If you feel great, please support the author by subscribing to our channel to track the next video. You Should Watch It . Top things you need to know: https://goo.gl/LJjmmT . Latest news about Dumi Masilela: https://goo.gl/hk47HE . Latest news about Zodwa Wabantu: https://goo.gl/Xaujk5 You Should Watch It Subscribe Channel(Official) : http://goo.gl/UQo7mQ Twitter Official: https://twitter.com/dailynewstht Plus Official: https://goo.gl/m9kou6 Webiste: https://goo.gl/NVWbtx Subscribe Channel(Official) : http://goo.gl/UQo7mQ . ------------------------------------- #latestnewszimbabwe #zimbabwenews #BreakingnewsZimbabwe ------------------------------------- Subscribe Channel(Official) : http://goo.gl/UQo7mQ Human rights abuses in Marange and plans by the Zimbabwe Consolidated Diamond Company (ZCDC) to rope in artisanal miners risk putting the country on the agenda of the Kimberley Process Certification Scheme (KPCS), experts and Parliament have warned.BY KENNETH NYANGANI/OBEY MANAYITI The KPCS plenary is set for Brussels in Belgium from November 12-18 and comes after ZCDC boss Morris Mpofu on Wednesday revealed plans to ring-fence its alluvial fields to allow locals, to embark on organised artisanal mining.But the chairperson of the Parliamentary Portfolio committee on Mines said the move was a publicity stunt by ZCDC after Parliament recommended the disbandment of the company.“That is just a public relations stunt.The question that must be asked is whether that is part of the diamond policy? It has to be part of the diamond policy that will then come to us (parliamentary committee),” he said.Mliswa’s committee recently threatened to charge Mines minister Winstone Chitando and permanent secretary Onesmo Mazai Moyo with contempt of Parliament if they failed to dissolve ZCDC as recommended by Parliament on the premise that they were illegally constituted, and that they had illegally taken over diamond mines in Chiadzwa.“They want to block the return of the former diamond mining companies by claiming to embrace villagers, which is a recipe of disaster as this will attract the attention of KPC,” said a mining expert who requested anonymity.“Villagers have not made it a secret that the former companies were much better in terms of developing the area.”Under terms of the KP, participants are required to meet minimum requirements, come up with import and export controls, as well as commit to transparency.Centre for Natural Resources Governance director Farai Maguwu wrote to KP chair Hilde Hardeman recently, alleging human rights abuses in Marange.“While the KP has moved on with regards to Zimbabwe, the reality of the matter is diamond mining in eastern Zimbabwe is accompanied with gross human rights abuses in the form of both direct and structural violence,” Maguwu, in the letter said.In her response, Hardeman said they were closely following developments.“I understand that consultations are currently ongoing betw
Views: 22 Daily News
In this film you’ll hear three powerful testimonies from the Marange region of Zimbabwe. Three individuals affected by the region's diamond discovery talk about how their hopes for a better life have failed to materialise. In fact, despite a promise of billions, only around US$300 million in diamond earnings can clearly be identified in public budgets. Instead, Global Witness has found this precious mineral wealth could be secretly financing the institutions responsible for perpetrating serious human rights abuses and subverting the country’s democracy. Zimbabwe’s powerful military, feared Central Intelligence Organisation, and a number of political elites all gained control of Zimbabwe’s diamond sector, while concealing the scale of the loss to its people. For more information read our exposé: globalwitness.org/insidejob
Views: 2378 GlobalWitness
Zimbabwe is to enforce stronger local oversight over the diamond mining sector under a proposed new management regime. There are currently six entities operating in eastern Zimbabwe's Chiadzwa diamond fields, four are jointly owned by foreign companies. The country's mine minister is proposing a raft of measures to consolidate operations, chief among them, ensuring less foreign control....http://owl.li/vhb6e
Views: 291 SABC Digital News
Matanga disowns Chiadzwa diamond mine. POLICE Commissioner-General Godwin Matanga last week professed ignorance over the ownership of a Zimbabwe Republic Police-owned Chiadzwa-based diamond mine called Gye Nyame. Matanga had appeared before the Temba Mliswa-chaired Parliamentary Portfolio Committee on Mines and Energy together with former Home Affairs minister Ignatius Chombo to respond to questions about police’s mining activities and explain their role in Operation Hakudzokwi, which reportedly claimed several lives of diamond panners. ----------------------------------------------------------------------------------------------------------- If you feel good, please support the author by subscribing to our channel to track the next video. * SUBSCRIBE TO OUR CHANNEL: http://goo.gl/MSYov9 * LIKE OUR FACEBOOK: https://goo.gl/RNFSkN HOT NEWS - CLICK TO SEE - SUBCRIBE FOR MORE SUPRISE ------------- Scandal https://goo.gl/Gg2RR2 Conie Ferguson Pregnant https://goo.gl/ibtW3D Oscar Pistorius Biography, Age, Children, Wife, Profile, Career & Timeline https://goo.gl/7kL5ur Sindi Dlathu Biography, Husband, Family, Age, Salary, Twin and Health https://goo.gl/zXprsv Shona Ferguson Biography, Age, Children, Wife, Television Roles https://goo.gl/HNXCxq Connie Ferguson Biography, Age, Husband, Daughters, Family, Wedding and Career https://goo.gl/yBqb73 Xolani Gwala reveals cancer diagnosis: He’s ready for a long fight https://goo.gl/AuuUL6 ACTRESS AKHONA ARRESTED – 10 THINGS YOU DON’T KNOW ABOUT AKHONA & HER PICTURES https://goo.gl/iN9o17 Simphiwe Ngema Reveals that she’s pregnant with Dumi Masilela’s Baby https://goo.gl/wU2eBg MAN MARRYS HIS MOTHER AFTER IMPREGNATING HER https://goo.gl/3zKfRW Khanyi Mbau almost died at 31 after cosmetic surgery that caused her too much pain https://goo.gl/sZSD2U DUMI MASILELA’S KILLERS FINALLY CAUGHT - BEWARE OF THESE TWO MEN https://goo.gl/aRqgyr Shona Ferguson takes a second wife because Connie is getting older and she is barren https://goo.gl/oM842o Quinton Jones Divorces Minnie Dlamini after a week of Marriage https://goo.gl/oXEUbV Connie Ferguson Arrested: Could Spend 15 years in Jail https://goo.gl/tukgbt SCANDAL ACTOR HUNGANI NDLOVU GUSHES ABOUT HIS GIRL FRIEND https://goo.gl/Vk8XsU Why Zodwa wabantu didn't attend her twin brother's funeral chillies bhengu https://goo.gl/PUuyYn Connie Ferguson - my husband cheats because I'm older than him https://goo.gl/BWjDHF Family decision - Simphiwe Ngema to marry One Of The Masilela Brothers https://goo.gl/1wRL2r AKA blasts cheating rumours: Bonang and I have never been stronger https://goo.gl/S8e2pU Oscar Pistorious dies, what goes around comes around https://goo.gl/5Twuw9 Generations Legacy: the young man who plays Wandile is actually a woman https://goo.gl/dDdmm3
Views: 200 Breaking News
Zimbabwe is gearing up to exploit two new diamond finds with Russian and Chinese companies in a country where the deposits of the mineral are almost depleted. The government said Russia’s Alrosa and China’s Anjin would partner it in the new discoveries in Masvingo and Chihota. It said impact assessments were being carried out in Chihota. The alluvial deposits being exploited in Chiadzwa have been the centre of alleged human rights abuses by security agencies after a public diamond rush in 2008. “These are real high volume of diamond deposits,” President Emmerson Mnangagwa’s spokesperson, George Charamba, said. Mnangagwa has also revived the Darwendale platinum project, which is jointly owned by Russian and Zimbabwean investors after moving in to resolve a shareholding dispute. However, mining officials say the Russian investors have been apprehensive about local ownership rules that still apply to platinum mining. Alrosa chief executive Sergei Ivanov said that the company was ready to share its technology in grading and expertise in the preparation of diamonds for sale. “This would help Zimbabwe to take the position the country had on the global diamond mining market for several years,” he said. Mnangagwa has been seeking investments from Russia and China, as traditional Western investors and international financiers, as well as South Africa, turn down the country's pleas for financing. Zimbabwe is under pressure to reform its economic policies and to restore the rule of law through fostering respect for property rights and protecting investments. Charamba said Zimbabwe was now expecting “to see the first tranche of $300 million (R4.09 billion) being sunk into this economy as part of the investment” into the Russian platinum project. Thanks for watching! Don’t forget to share this video, like, subscribe & click that notification bell!
Views: 58 Africa News
Zim News: China denies deploying 4k at Chiadzwa diamond fields. THE Chinese government is exasperated at criticism by “smart” Zimbabweans who do not appreciate what the Asian economic behemoth is doing in the country. BY RICHARD CHIDZA Acting Chinese envoy Zhao Baogang on Thursday came out swinging after former Zanu PF MP and losing presidential candidate Daniel Shumba, claimed that China had deployed some 4 000 of its nationals in the Chiadzwa diamond fields before government shut down the companies. “I think we have very good co-operation with Zimbabwe inc...
Views: 529 Zim News
Home Affairs minister Obert Mpofu, who superintended over the Mining ministry during the heydays of harvesting diamonds from the gems-rich Chiadzwa fields is to be hauled before Parliament to explain the alleged missing $15 billion worth of the precious stones – as the government hunts for answers on the emotive issue.Walter Chidakwa – who succeeded Mpofu at the ministry, and who was fired from the government following the dramatic fall of former president Robert Mugabe last year – is also expected to appear in due course before the Parliamentary Portfolio Committee on Mines and Mining Development which is chaired by Norton MP Temba Mliswa.The Marange diamond fields in Manicaland Province, which are located a few kilometres outside Mutare, were discovered in 2006 and are considered to be one of the world's biggest deposits of diamonds."We want the ministers to appear before the committee as soon as possible, most probably at our first meeting in 2018. It's pretty clear that this issue has to be brought to an end soon."There are many people who were involved in diamond mining and the responsible ministers during this time were Mpofu and Chidakwa … and they should be able to help shed light on the diamond operations," Mliswa told the Daily News in an interview yesterday."This is not a witch-hunt, it's just about accountability … which is why we want bring the former ministers before the Parliamentary committee to account for the concessions that they gave and to reveal how much was generated, how much went to the Kimberly Process and so forth," he added.At the height of the mining of diamonds in Marange, Mbada Diamonds, Marange Resources, Anjin Investments, Diamond Mining Company, Kusena and Gye Nyame were some of the companies which were involved in the extraction of the gems in conjunction with the Zimbabwe Mining Development Corporation (ZMDC).The mining companies were expelled from Chiadzwa after Mugabe made the startling claim that his government had lost a jaw-dropping $15 billion to alleged nefarious activities by some of the diamond mining firms.In a controversial move, the government subsequently fired and replaced the mining companies with the State-owned Zimbabwe Diamond Consolidated Company which now exclusively carries out all the mining in the area.Speaking to the ZBC in 2016 on the occasion of his 92nd birthday, Mugabe stunned Zimbabweans when he said his government had received little from diamond mining at Chiadzwa – further suggesting that the companies which were involved in the extraction of the gems there had robbed the State."We've not received much from the diamond industry at all.
Views: 10222 SA Nehanda News
Home Affairs minister Obert Mpofu — who has previously served in the Mines and Mining Development portfolio — could soon be on the radar of the Zimbabwe Anti-Corruption Commission (Zacc) following Core Mining and Minerals (Private) Limited director Lovemore Kurotwi’s letter to the anti-graft body requesting that it investigates him over corruption.In the letter, copied to President Emmerson Mnangagwa and Finance and Economic Development minister Patrick Chinamasa, Kurotwi says Zacc must “investigate the current minister of Home Affairs, . . .Mpofu over known corruption which he committed but which now seems to be swept under the carpet either for reasons of ignorance of the said corruption by the relevant authorities or reasons of impunity or both”.Kurotwi says the background to this corruption was when Core Mining and Minerals was given a concession to mine diamonds at Chiadzwa.He sensationally claimed before the concession was given, “Mpofu asked me for a bribe of $10 million”.Kurotwi had proceeded to take up the issue with then president Robert Mugabe in Mpofu’s presence “in a meeting called by . . .Mugabe to understand what was construed as acrimony between myself and . . .Mpofu.” “When I refused to give . . .Mpofu the $10 million bribe and after I reported to . . .Mugabe . . .Mpofu used his position of privilege to have me arrested on frivolous charges of fraud,” he alleged.As the case was playing out before the courts, developments considered sub-judice unfolded.First, 1,4 million carats of Core Mining’s diamonds which were in the company’s vaults in Mutare were confiscated.Secondly, $10,6 million which was in the custody of the Minerals Marketing Corporation of Zimbabwe was also seized while mining equipment worth $14 million was also confiscated.Kurotwi claims the mining equipment was initially used by the Zimbabwe Mining Development Corporation (ZMDC) under Marange Resources to mine diamonds in Chiadzwa and has since been transferred to the new entity, the Zimbabwe Consolidated Diamond Company (ZCDC) which continues to illegally use the equipment to mine diamonds in Chiadzwa.Kurotwi was arrested in 2010, along with five executives from ZMDC after Mpofu alleged that the Core Mining boss had misrepresented that he was a representative of a special purpose vehicle of Benn Steinmertz Group Resources, a South Africa-based international firm that wanted to invest $2 billion in the Chiadzwa diamond fields.The Core Mining boss was eventually acquitted in May last year, prompting him to demand his equipment back.Kurotwi was a Zimbabwean representative of South African Core Mining and Minerals, in a 50-50 diamond mining joint venture with the Government of Zimbabwe — Canadile Miners — which later became defunct.The businessman lost $10 million in cash, as well as diamonds and equipment worth over $140 million when he was arrested.
Views: 424 SA Nehanda News
Fears Mugabe could spill diamond beans . - If you feel great, please support the author by subscribing to our channel to track the next video. You Should Watch It . Top things you need to know: https://goo.gl/LJjmmT . Latest news about Dumi Masilela: https://goo.gl/hk47HE . Latest news about Zodwa Wabantu: https://goo.gl/Xaujk5 You Should Watch It Subscribe Channel(Official) : http://goo.gl/UQo7mQ Twitter Official: https://twitter.com/dailynewstht Plus Official: https://goo.gl/m9kou6 Webiste: https://goo.gl/NVWbtx Subscribe Channel(Official) : http://goo.gl/UQo7mQ . dailynewsSA, #breakingnews, ZIMBABWE’S intelligence services bosses fear parliament’s bid to summon former president Robert Mugabe to provide oral evidence on the supposed missing US$15 billion diamond revenues could open a Pandora’s box — a process that once begun generates many complicated problems.Bernard Mpofu Although there has been sustained reports of massive corruption and looting at the diamondiferous Chiadzwa fields in Marange in the eastern highlands by miners, authorities, the military and illegal diggers, nobody has yet been willing to open up that can of worms.It is feared in the corridors of power Mugabe — who claimed in February 2016 Zimbabwe could have lost US$15 billion in diamond revenues — if cornered is likely to make sensational revelations on the issue which has largely remained a mystery, especially on the identities of the looters and amounts involved.“The intelligence community is anxious about the ongoing investigation into the diamond sector.All the major mining companies have been summoned and it is the Mugabe issue which could create complications.Naturally, top political and military elites were involved.The army was involved,” an intelligence source said.“Given the current relationship between Mugabe and Mnangagwa, it is risky to allow the process to proceed unchecked in that direction.Mugabe’s oral evidence could have serious unintended consequences: declassify information and damages big political players.”Intelligence sources said this week that security bosses monitoring the issue feel summoning Mugabe — who told the Zimbabwe Independent in an interview in March that the US$15 billion figure was plucked out of thin air — could result in damaging disclosures and stories which might cause collateral damage on President Emmerson Mnangagwa and his deputy retired General Constantino Chiwenga ahead of critical general elections.Although Mnangagwa and Chiwenga were not directly involved in the Chiadzwa diamond mining activities, they got sucked in through their ministries: the former, while he was acting Mines minister under Mugabe and the latter through the Ministry of Defence, which had a vested via Anjin Investments Pvt Ltd.The Independent unearthed way back that the single biggest local beneficiary of Anjin’s diamond mining revenues was the military as it controlled a 30% stake in the joint venture with the Chinese government-owned corporation, the Anhu
Views: 1926 Daily News
Mugabe's missing $15 billion saga intensifies. JOHANNESBURG - Zimbabwean opposition parties have welcomed a call by Zimbabwean President, Emmerson Mnangagwa for all persons who under Mugabe's rule, externalised money to return the said monies within three months. Mnangagwa has set the amnesty deadline line toFebruary for the return the ill-gotten wealth with the promise prosecution post deadline. Former Zimbabwean President, Robert Mugabe previously revealed that the country had "lost" an amount of USD $15 billion in diamond mining revenue. The missing money is believed to have been externalised and squandered by government officials with the aid of dodgy investors. Opposition parties have called on the President to leave "no stone unturned" in accounting for the missing $15 billion worth of diamonds disappearing from mining claims. Last year, Zimbabwean reserve bank governor, John Mangudya said that USD $1.8 billion was externalised in 2015 and of that amount, $1.2 was funnled out by corporates However, in an interview with the Harare Bureau last week, Presidential Press Secretary Mr George Charamba said that the Zimbabwean media had failed to comprehend that former President had used that figure as a metaphor to express the magnitude of his anger at the opaque nature of operations at the Chiadzwa diamond fields. “As a matter of fact I sat in the briefing and I said to the former President, sir, where did you get the 15 billion figure? His response was 'I just said out of the blue to stress my point because I was angry’. That’s what he told me and I am prepared to repeat it on record. It was a metaphor to indicate his outrage,” Charamba said. Charamba said it is illogical to assume that US$15 billion could have been siphoned from the diamond mining sector as the country was yet to produce diamonds of that value Zimbabwean opposition parties don't seem to share Charamba's views on the matter and have repeatedly called for Mnangagwa to launch an investigation into the missing money, calling for an audit into the country's diamond and mineral revenue. ----------------------------------------------------------------------------------------------------------- If you feel good, please support the author by subscribing to our channel to track the next video. * SUBSCRIBE TO OUR CHANNEL: https://goo.gl/cmiueF ----------------------------------------------------------------------------------------------------------- ► See More: https://goo.gl/cmiueF
Views: 2001 SA Today News
HARARE, Zimbabwe (AFP) — Zimbabwean President Robert Mugabe has announced that the government will take over all the country's diamond mines to stop foreign firms from syphoning off gems without declaring them. "We have not received much (money) from the diamond industry at all," Mugabe said in a two-hour interview screened late Thursday by state broadcaster Zimbabwe Broadcasting Corporation. Zimbabwean President Robert Mugabe "Our people... have not been able to see or hear what was going on and lots of swindling, smuggling have taken place and the companies that have been mining virtually robbed us of our wealth. "We have decided that this area should be a monopoly area and only the state should be able to do mining." Mines Minister Walter Chidhakwa last month announced the government had seized diamond mines in the eastern Chiadzwa district after their licences expired. Zimbabwe last year ordered diamond mines, including joint ventures with Chinese companies mining in the Marange district, to join a government conglomerate. - Captured Live on Ustream at http://www.ustream.tv/channel/rulabrownmusic
Views: 644 Rula Brown
Vast Resources PLC (LON:VAST) CEO Andrew Prelea caught up with Proactive Investors to discuss the thinking behind their decision to team up with Botswana Diamonds PLC (LON:BOD) to investigate diamond opportunities together in Zimbabwe. Under the terms of the MoU, the two companies have agreed to exchange information derived from past exploration on areas prospective for diamonds in Zimbabwe and to form a special purpose jointly owned company to develop and exploit diamond resources in Zimbabwe. Prelea also updates on the latest at their Pickstone-Peerless mine in Zimbabwe and the Manaila Polymetallic Mine in Romania.
Views: 1131 Proactive Investors Stocktube
The Zimbabwean government has resolved to auction diamonds mined in Chiadzwa in the second half of this year. It is part of measures to realise huge profits from the sale of the precious stones, which are presently being exported in raw form.
Views: 238 SABC Digital News
Zim News: Chiadzwa diamond heist: Pair arrested. The Herald Daniel Nemukuyu Senior Reporter A gang of suspected robbers on Monday morning sneaked into Zimbabwe Consolidated Diamond Company’s (ZCDC) operating areas in Chiadzwa and entered a pit with ore that had just been exposed. Police have since arrested two suspects. Secretary for Information, Publicity and Broadcasting Services Mr Nick Mangwana said investigations were still in progress to ascertain if anything was stolen. “In the early morning hours of April 1 2019, there was an intrusion...
Views: 183 Zim News
Diamond firms in comeback talks - the zimbabwe independent. By Elias Mambo mining companies that were chased away from Chiadzwa after government terminated their licences and consolidated the diamond industry are now negotiating a comeback following the fall of former president Robert Mugabe, the Zimbabwe Independent has heard. In February 2015, government moved to consolidate the diamond mining industry and ceased operations for the other six companies that had been granted joint venture mining rights with the Zimbabwe Mining Development Corporation (ZM...
Views: 10 News Zimbabwe
Villagers in Zimbabwe Marange Diamond Fields in Mass Protests. Groups of miners in the diamond fields in Marange in 2006. When the scramble peaked in October 2008, more than 35,000 people, including children and women, were either mining or buying diamonds in Marange. © 2006 Associated Press Thousands of villagers around east Zimbabwe’s Marange diamond fields took to the streets on Monday to protest the looting of diamond revenue and were met by armed soldiers and police who fired tear gas canisters to disperse the demonstrators, according to witnesses inte... Get Free Subscribe Here: - https://goo.gl/QrjDRC Website: https://goo.gl/UasZwB Twitter: - https://goo.gl/WdWB1i Plus: - https://goo.gl/4viMNi Thanks For Watching. Don't forget LIKE, SHARE and SUBSCRIBE.
Views: 136 General News – Today's News Headlines
Grace Mugabe in deep trouble, more corrupt deals unearthed. FORMER first lady Grace Mugabe could soon be arrested over an array of corruption-related allegations as woes mount for the ex-Zanu PF women’s league boss. The Zimbabwe Anti-Corruption commissioner responsible for investigations, Goodson Nguni yesterday told The Standard that the anti-graft body was already probing Grace over the suspicious awarding of a doctorate by the University of Zimbabwe after enrolling at the institution for barely three months. He said indications were that certain officials at the institution could also find themselves in trouble together with the former first lady for fraud or misrepresentation. “Yes, we have received a report from the lectures from the Sociology Department on how she got her doctorate and because that is a legitimate complaint, there are investigators looking at it,” Nguni said. Since the ouster of Robert Mugabe in November, Grace has been holed up at her Blue Roof mansion in Borrowdale Brooke amid reports that authorities blocked her from travelling outside the country. Grace was reportedly only being allowed to travel to her Mazowe business empire, but under escort. Mugabe recently went to Singapore for medical check-up but did not travel with Grace. Nguni said according to the laws of the country, no one except former president Mugabe was immune to prosecution. He said everyone else, including the former first lady and the entire first family was fair game, if evidence of crime was presented. “First of all, in terms of the law and Constitution, the president of Zimbabwe has got immunity from certain actions during his term of office and upon retirement,” he said. “Now according to the Constitution, the rest of the first family do not have immunity from prosecution and we are going to follow the law. So if there is evidence that a member of the former first family killed somebody, the Zimbabwe Republic Police, because that’s outside of our mandate, will investigate and make an arrest.” He added: “If there is an allegation against a member of the former first family, not the president, we will investigate that and take the matter to the National Prosecuting Authority. Remember we don’t take matters to the courts, it’s the National Prosecution Authority which does that.” The Zimbawe Anti-Corruption Commission (Zacc) boss said although Mugabe abhorred corruption, his wife was at the fore-front of shielding and protecting those accused of corruption. He gave an example of how former Higher Education minister Jonathan Moyo was allegedly defended against allegations of graft at rallies. While Nguni refused to reveal other cases which Grace was being investigated for, officials at the anti-graft body said she faced arrest over the disappearance of diamonds in vaults when government ordered diamond mining companies in Chiadzwa to suddenly stop operating to pave way for the establishment of Zimbabwe Consolidated Diamond Mining Company. Also, her children, Robert, Chatunga and Russel Goreraza, according to insiders, face arrest for gold smuggling, murder, extortion among other crimes that are related to abuse of power and state machinery.----------------------------------------------------------------------------------------------------------- ► Hot news: https://goo.gl/J7mUhU ► ANC: https://goo.gl/x9xRAu ► Scandal: https://goo.gl/YGe8cw ► Zimbawe updates: https://goo.gl/2MJUjp .......................................................................................... If you feel good, please support the author by subscribing to our channel to track the next video. * SUBSCRIBE TO OUR CHANNEL: https://goo.gl/cmiueF ----------------------------------------------------------------------------------------------------------- ► See More: https://goo.gl/cmiueF
Views: 193 SA Today News
Mugabe's missing US$15 billion saga takes new twist. Claims by former president Robert Mugabe that the country lost $15 billion worth of diamonds revenue were divorced from the actual facts on the ground, Finance minister Patrick Chinamasa told the National Assembly last week. Mugabe torched a storm when he claimed in a televised interview ahead of his 93rd birthday last year that the country, which is in the throes of a crippling foreign currency crisis, could not account for $15 billion realised from the sale of the gems. The revelations angered Zimbabweans who have always been suspicious of the goings on in the controversial Marange diamond fields, with anti-graft watchdogs pushing for an inquiry into the looting of national resources. But responding to questions raised in the National Assembly, Chinamasa said Mugabe’s statement was interpreted wrongly. “I want members, on this issue, to engage their brain. Let us engage our brain. When that figure was mentioned, I think it was explained that it was figurative speech,” said the Finance minister. When one says something figuratively, he or she will be departing from the literal use of words. Figurative language uses words or expressions with a meaning that is different from the literal interpretation. Chinamasa said an analysis of the world diamond sector debunks the myth that $15 billion worth of diamonds could come from Zimbabwe alone because the entire annual value of the industry is $15 billion and the southern African state is just a speck in terms of production of diamonds. Zimbabwe is not among the biggest producers of uncut diamonds. “Allow me to lay this analysis, which sets out who is the key diamond producer and what the annual production per carat and the value is so that we can make our own judgments as to whether or not we are basically saying $15 billion worth of diamonds which did not exist was stolen,” he said. “I just want us to engage our brains; please it does not matter who said what. Let us engage our brain and see what is true and what is not. Do not misread the former president who was speaking figuratively. I am not saying in any way that there may not have been an abuse.” The Finance minister said the biggest diamond producers are Russia and Botswana. In Africa, Botswana has a diamond industry that produces gems worth about $2 billion annually. “So, how do we, when we are not producing end up saying $15 billion has been stolen? I just want us to understand this, take your time to go through these figures and please let us not switch off our minds when we are considering national issues,” said Chinamasa. Chinamasa’s remarks come hard on the heels of similar claims by presidential spokesperson George Charamba. Charamba, who was Mugabe’s spokesperson at the time, is convinced that the media is to blame for failing to comprehend that the former president had used the figure $15 billion as a metaphor to express the magnitude of his anger at the opaque nature of operations at the Chiadzwa diamond fields. “As a matter of fact, I sat in the briefing and I said to the former president, sir, where did you get the $15 billion figure? His response was that ‘aaa ndakangoitora from the air kuti zvityise’ (I just said out of the blue to stress my point). That’s what he told me and I am prepared to repeat it on record. It was a metaphor to indicate his outrage,” Charamba said. Mugabe’s administration gave special grants to several companies namely Anjin, Diamond Mining Company, Jinan, Mbada Diamonds, DTZ Ozgeo, Rera, Gye-Nyame, Kusena and Marange Resources to extract diamonds in Marange, also known as Chiadzwa. The State was represented by the Zimbabwe Mining Development Corporation and other investment vehicles linked to the security sector, which controlled these companies along with other foreign investors, mostly Chinese. In February 2015, government moved to consolidate the diamond mining industry and ceased operations for the above companies. Just recently, the Mines and Energy Portfolio Committee chaired by Norton Member of Parliament Temba Mliswa advised that it would summon Mugabe to explain the missing $15 billion. ----------------------------------------------------------------------------------------------------------- ► Hot news: https://goo.gl/J7mUhU ► ANC: https://goo.gl/x9xRAu ► Scandal: https://goo.gl/YGe8cw ► Zimbawe updates: https://goo.gl/2MJUjp .......................................................................................... If you feel good, please support the author by subscribing to our channel to track the next video. * SUBSCRIBE TO OUR CHANNEL: https://goo.gl/cmiueF ----------------------------------------------------------------------------------------------------------- ► See More: https://goo.gl/cmiueF
Views: 47 SA Today News
http://inteldinarchronicles.blogspot.com/2017/05/zimbabwe-more-diamond-mining-equipment.html Zimbabwe Consolidated Diamond Company (ZCDC’s) second batch of heavy duty mining equipment awaits clearance by the Zimbabwe Revenue Authority (zimra) on arrival from Belarus in Mutare on Monday. — (Picture by Tinayi Nyadzayo) Samuel Kadungure in MUTARE— The second batch of heavy equipment imported by Zimbabwe Consolidated Diamond Company (ZCDC) from Belarus has arrived as Government shifts from low-value alluvial to full-scale lucrative conglomerate and kimberlite diamond mining. ZCDC is mining diamonds in Marange after taking over from firms that were removed amid revelations that they were involved in underhand dealings which prejudiced the State. The equipment will transform diamond mining and make it contribute significantly to the country’s long-term sustainable development thrust. The equipment, which arrived here on Monday and was being cleared by the Zimbabwe Revenue Authority (Zimra), included three giant mining dump trucks. The first batch of the equipment comprising seven dump trucks arrived last Tuesday, while the third batch is expected today. The heavy duty plant equipment was procured from Belarus under a $32 million Reserve Bank of Zimbabwe (RBZ) facility. ZCDC will receive a total of 21 dump trucks and five dozers under the facility. ZCDC chief executive officer Dr Moris Mpofu said all the equipment and sophisticated technology would be in the country before end of year. “The second batch of the equipment, comprising of dump trucks has arrived in the country, but it is yet to be installed,” he said. “When the entire consignment is in the country and installed, we will expect significant mining operations at Chiadzwa as we have been depending on contract mining. “The shift from contract mining to own mining capacity, will bring efficiency and increase production capacity. The dump truck will be complemented by excavation, which we are importing and between the next three months and end of the year you will be seeing more equipment coming into the country.” RBZ has injected $25 million working capital into ZCDC to allow it to continue producing diamonds, over and above the $32 million for acquisition of sophisticated mining equipment and machinery. ZCDC has also adopted a stock accumulation policy from RBZ and Government, which allows it to build and accumulate diamond stocks for tender at competitive prices on the global market. Conglomerate mining has started in concessions previously held by Marange Resources, Mbada Diamonds and DMC and ZCDC will soon be moving into other outstanding diamond concessions in Marange and Chimanimani. Source: The Herald
Views: 1175 gary larrabee
Diamond firms in comeback talks - the zimbabwe independent. By Elias Mambo mining companies that were chased away from Chiadzwa after government terminated their licences and consolidated the diamond industry are now negotiating a comeback following the fall of former president Robert Mugabe, the Zimbabwe Independent has heard. In February 2015, government moved to consolidate the diamond mining industry and ceased operations for the other six companies that had been granted joint venture mining rights with the Zimbabwe Mining Development Corporation (ZM...
Views: 8 News Zimbabwe
Obert Mpofu in hot soup, secret diamonds deals EXPOSED. Woes continue to mount for Home Affairs minister, Obert Mpofu after businessman, Lovemore Kurotwi reported him to the Zimbabwe Anti-Corruption Commission (ZACC) for alleged abuse of office and plunder of Marange diamonds. This comes as parliament says it is leaving no stone unturned in its probe of the $15 billion missing diamond money with Mpofu set to be grilled by the portfolio committee on Mines and Energy. In a report filed with ZACC on January 22, Kurotwi alleges that Mpofu took 1,34 million carats of diamonds belonging to his firm and were in custody of the Minerals Marketing Corporation of Zimbabwe and converted them into personnel benefit. "We write to request that you investigate the current minister of Home Affairs, Obert Mpofu over known corruption which he has committed but which now seems to be swept under the carpet either for reasons of ignorance of the said corruption by the relevant authorities or reasons of impunity or both," Kurotwi wrote. Kurotwi used to run Canadile Miners but was kicked out of Chiadzwa after he was arrested for fraud before being acquitted by the High Court. In the letter to ZACC, Kurotwi narrates the alleged $10 million bribe that Mpofu allegedly demanded in return for mining concessions in Chiadzwa, an issue he allegedly raised before former president Robert Mugabe. After reporting Mpofu to Mugabe then, Kurotwi claims he was arrested for fraud but the case could not stick as it was being concocted by the minister. "During the time my so called fraud case was still subjudice, Mpofu further took advantage to the subjudice position and confiscated, 1,4 million carats of our diamonds which were in our vaults in Mutare, $10.6 million which was in the custody of the Minerals Marketing cooperation of Zimbabwe," Kurotwi stated. He said effort to repossess the money and diamonds have yielded nothing with officials in the ministry all professing ignorance on the whereabouts of the same—excerpt for Mpofu. "There is reasonable suspicion that cash and stock of diamonds could have been converted to personal use and gain by Mpofu," the report letter states. Two weeks ago, Kurotwi reported Mpofu to President Emmerson Mnangagwa over the same issue. Mpofu has persistently denied corruption allegations levelled against him instead suggesting that Kurotwi had no capacity to buy even a bottle of water for him as he was only a front for foreign business interests. The issue also comes as the committee on mines and Energy development said it was launching a probe into the operation of mining firms that were in Marange and how ministers who superintended over the sector had become rich while they were in charge. ----------------------------------------------------------------------------------------------------------- ► Hot news: https://goo.gl/J7mUhU ► ANC: https://goo.gl/x9xRAu ► Scandal: https://goo.gl/YGe8cw ► Zimbawe updates: https://goo.gl/2MJUjp .......................................................................................... If you feel good, please support the author by subscribing to our channel to track the next video. * SUBSCRIBE TO OUR CHANNEL: https://goo.gl/cmiueF ----------------------------------------------------------------------------------------------------------- ► See More: https://goo.gl/cmiueF
Views: 5288 SA Today News
Zim resumes diamond auctions - The Zimbabwe Independent. ZIMBABWE conducted a diamond auction sale this month, as production of the precious stones gradually.... - If you feel good, please support the author by subscribing to our channel to track the next video. . Top things you need to know: https://goo.gl/LJjmmT . Latest news about Dumi Masilela: https://goo.gl/hk47HE . Latest news about Zodwa Wabantu: https://goo.gl/Xaujk5 You Should Watch It Subscribe Channel(Official) : http://goo.gl/UQo7mQ Twitter Official: https://twitter.com/dailynewstht Plus Official: https://goo.gl/m9kou6 Webiste: https://goo.gl/NVWbtx
Views: 87 Daily News
Zimbabwe: 'Only U.S.$282 Million Realised From Chiadzwa Diamonds'. By Africa Moyo and Ishemunyoro ChingwereGovernment realised a measly $282 million in six years through taxes and dividends from diamond firms that operated in Chiadzwa, a move that eventually prompted....
Views: 3 News Zimbabwe
CIO grilled over diamond operations with Chinese criminal. CENTRAL Intelligence Organisation (CIO) bosses were yesterday grilled in Parliament for entering into a joint diamond-mining deal known as Sino-Zim, with Chinese convict Sam Pa, without doing a proper due diligence check on his background. BY VENERANDA LANGA Sino-Zim operated a diamond mine known as Kusena Diamonds in the Chiadzwa area. Kusena Diamonds board member Genius Madzingira (CIO) and Sino-Zim board member Pritchard Zhou and Kusena vice board chairperson Regiment Ruzende had a torrid tim...
Views: 49 Zim News
ORAL evidence from different witnesses who appeared before the Mines and Energy Parliamentary Portfolio Committee last week to speak on the alleged missing $15 billion diamond revenue showed that deposed President Robert Mugabe did not take action as the corruption was reported to him.Businessman Lovemore Kurotwi, who appeared last week before the committee and narrated how his diamonds worth $150 million (1.7million carats) were confiscated by former Mines minister Obert Mpofu for refusing to pay him a $10 million bribe, told the committee that as an investor, he felt abused by government.“As a person, I feel I was abused.It is not normal to be subjected to such a situation by your own government.Those in power can do whatever they want with you with impunity, and I am really down,” Kurotwi told the Mines Committee.“Mpofu told me he will not introduce my investors (Canadile Miners) to mine in Marange because I had not paid him the $10 million.So, what it implies is that those that were allowed to mine in Chiadzwa paid him (Mpofu).Asked by Fanny Chirisa (MDC-T proportional representative legislator) to explain what steps Mugabe took after he heard that Mpofu had asked for a bribe from Kurotwi, Mliswa said it would be a question that the Mines Committee would pose to Mugabe himself.“It is a question for Mugabe to answer.The committee can summon anyone, except the current President, to appear before Parliament to give oral evidence.We have a right to question Mugabe and it only makes logical sense that the committee asks Mugabe to respond to that,” Mliswa said.Another matter, where Mugabe was said to have failed to take action as chaos ensued in the mining sector, is when the Mines ministry under former minister Walter Chidakwa introduced the consolidation of diamond mining.Russian investors with Ozgeo were said to have been illtreated when 80 heavily-armed police officers sent everyone packing and took over their mine after they had invested millions into the project.DTZ Ozgeo managing director Victor Kusyla told MPs that the takeover of his diamond mine during Mugabe’s era was in breach of security of tenure.“Such issues must not be repeated because we might want to invest in another project, for example, livestock, and our hands will be tied because we were ill-treated,” Kusyla said.He said the contract which they were made to sign with Zimbabwe Consolidated Diamond Company to take over their equipment and mine was under duress, as they were blatantly told by Chidakwa that if they failed to sign it, they stood to lose out.– DailyNews.
Views: 624 SA Nehanda News
Welcome to the forth episode of Making It In Botswana Television Show. The show airs at 20h30 on Botswana Television. This show's main objectives is to showcase testimonies of BITC assisted companies and most importantly encourage Batswana to buy locally manufactured products.
Views: 443 Botswana Investment and Trade Centre
Zimbabwe: diamond firms in comeback talks. By Elias MamboMining companies that were chased away from Chiadzwa after government terminated their licences and consolidated the diamond industry are now negotiating a comeback following the fall of former president Robert Mugabe, the Zimbabwe Independent has heard. In February 2015, government moved to consolidate the diamond mining industry and ceased operations for the other six companies that had been granted joint venture mining rights with the Zimbabwe Mining Development Corporation (ZMD...
Views: 1 News Zimbabwe
Marange: The imprisoned community details violations by state and non-state actors in the Diamond mining area of Marange Communal lands. The Human Rights violations documentary produced by Centre for Natural Resource Governance. It is a sad non-fictional, true to life and fact based film telling the most unfortunate story of how the extractive sector can is a curse to a country and communities living in areas where there are precious minerals. The film captures the thoughtless attack on people’s rights like the right to life, right to human dignity, environmental rights as well as the violation of the people of Marange’s freedom from torture or cruel, inhuman or degrading treatment or punishment. More importantly, Marange: The imprisoned Community exposes how the placement of Marange Community under the Protected Places and Areas Act curtails the freedom of movement of locals and other citizens.
Views: 567 CNRG ZIM
Govt urged to introduce investor friendly policies. PARLIAMENT has urged government to support its “Zimbabwe is open for business” mantra by introducing investor-friendly policies. BY VENERANDA LANGA The Mines and Energy Portfolio Committee said this in a report following the cancellation of licences for several diamond mining companies who used to operate in the Chiadzwa to pave way for the creation of Zimbabwe Consolidated Diamond Company (ZMDC). “The joint venture partners of ZMDC were bitter on what they went through as a result of the consol...
Views: 15 Zim News
Zimbabwe Mining Development Corporation (ZMDC) faces the Parliamentary Committee on Mines and Energy chaired by Temba Mliswa. Where is the US$ 15 billion diamond money? Stay Up to Date: http://bit.ly/2A8b1tr Like Zim Stones on Facebook: https://www.facebook.com/Zim-Stones-1996676987264960/ Earn Extra Money Online: http://bit.ly/2yYbf1z
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Former president Robert Mugabe will appear before the Mines and Energy Portfolio committee to explain how the $15 billion worth of diamonds were looted in Marange, according to Temba Mliswa.This follows his claim in 2015 when he was still president that the precious stone worth that much was stolen from the country’s only diamond fields.The committee, chaired by independent legislator Mliswa, is investigating the matter among other issues including human rights violations and the joint ventures which saw many state-linked firms mining diamonds in the area.Many government entities and departments have been appearing before the committee in the last year while many remain elusive.This Friday, Jabulani Mukoko, chief security officer for Mbada and a former police superintendent, told the committee that about 200 armed police officers, led by a superintendent Murenga and officer Benaya Marodza, unprofessionally, unannounced and forcefully took over the mine resulting in looting in February 2016.Mliswa then requested commissioner general Godwin Matanga to bring in the named officers and all the critical rank bosses from Marange on the 9th of April when the committee sits again to hear evidence from all the involved entities.However Matanga requested that the named police officers be exempted from revealing on whose orders they acted.“In order for them to be in Chiadzwa obviously there was an order coming from somewhere so it will be very unfair to say who ordered you to do this and that,” said Matanga.“Can I ask this house to ask the authorities how this came about because at the end of the day it might not be easy for me to say I was ordered by so and so? Can that be verified before the 9th of April so that when I come here I will be sure what to say?” Mliswa, responding to the request, said parliament has a constitutional duty to uphold accountability and transparency even when it involves the executive.“You will answer questions pertaining to your role as commissioner general.The committee has equally resolved that the former president will equally come.He only comes when we have heard from all institutions he was responsible for so we are leaving no stone unturned,” declared Mliswa.He also added, “After your lecture (Ignatius Chombo), we then found it prudent to invite the then minister of Home Affairs the vice president (Kembo) Mohadi, minister of Defense Sekeramayi and minister of State security Didymus Mutasa.So we shall be writing to them.”Among those who were also present to explain themselves was former Home Affairs minister Ignatius Chombo, former Mines minister Walter Chidhakwa, former Zimbabwe Mining Development Corporation chair Goodwills Masimirembwa, former Mines secretary Prince Mupazvirihwo and Home Affairs secretary Melusi Matshiya.Zimbabwe Consolidated Diamond Company, Marange Development Trust, Anjin and Gianyame mine was also represented.
Views: 826 SA Nehanda News
Africa-focused Gem Diamonds said Thursday it has received an acquisition offer for its Ghaghoo mine in Botswana, which it discontinued earlier in the year due to a decline in prices. Announcing its half-year results, the company also said its revenue fell to $93 million for the six months to June 30, from $109 million a year earlier, due to a drop in output and diamond prices. The average price per carat fell to $1,779 for the period, from $1,899 in the same period last year, while carats recovered fell 12 percent to 50,478, the company said. Gem Diamonds, which also operates Letšeng in Lesotho, its flagship mine, produced 50,478 carats in the six months to June 30, compared with 57,380 carats in the same period last year. “The updated life-of-mine plan was implemented during the period, with the objective of reducing waste tonnes mined and improving near-term cash flows, and mining progressed well against this plan during the period,” the company reported. The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist and that the volatile macro-economic environment continues to create challenges for the middle diamond market. Since acquiring Letšeng in 2006, Gem Diamonds has found four of the 20 largest white gem quality diamonds ever recovered, which makes of the mine the world’s highest dollar per carat kimberlite diamond operation. At an average elevation of 3,100 metres (10,000 feet) above sea level, Letšeng is also one of the world’s highest diamond mines. Gem Diamonds placed Ghaghoo on care and maintenance in February this year, with the intention of resuming operations once market conditions improved. While the company didn’t reveal who is interested in acquiring the mine, it said the board was considering the offer.
Views: 141 Bramston & Associates