Latest topics
Zimbabwe's president kicks out private diamond miners, nationalizes industry
Page 1 of 1
Zimbabwe's president kicks out private diamond miners, nationalizes industry
Zimbabwe's president kicks out private diamond miners, nationalizes industry
By Dmitry Rashnitsov | Feb. 22, 2016 at 1:49 PM
Zimbabwe President Robert Mugabe (R) removed private diamond mining companies from his country on Monday. File Photo by Maryam Rahmanian/UPI
| License Photo
HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.
Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.
"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.
Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.
http://www.upi.com/Top_News/World-News/2016/02/22/Zimbabwes-president-kicks-out-private-diamond-miners-nationalizes-industry/8071456157443/?spt=sec&or=tn
By Dmitry Rashnitsov | Feb. 22, 2016 at 1:49 PM
Zimbabwe President Robert Mugabe (R) removed private diamond mining companies from his country on Monday. File Photo by Maryam Rahmanian/UPI
| License Photo
HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.
Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.
"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.
Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.
http://www.upi.com/Top_News/World-News/2016/02/22/Zimbabwes-president-kicks-out-private-diamond-miners-nationalizes-industry/8071456157443/?spt=sec&or=tn
*****************
>>>TNTBS's YouTube Channel<<<
Ssmith- GURU HUNTER
- Posts : 20495
Join date : 2012-04-10
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Yesterday at 11:37 am by kenlej
» Go Russia
Yesterday at 10:51 am by kenlej
» Textbook Tony
Mon Apr 29, 2024 4:13 pm by Mission1st
» The Rockefellers and the controllers are freaking out right about now
Fri Apr 26, 2024 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej