Audio By Carbonatix
Zimbabwe's President Robert Mugabe said on Thursday his government would take possession of all diamond operations because existing miners had robbed the country of its wealth.
Mugabe's comments came a week after the ministry of mines ordered all mining companies to halt work and leave the Marange fields, saying they had not renewed their licenses. At the time it denied it was seizing the mines.
"The state will now own all the diamonds in the country," Mugabe said during a two-hour interview with state broadcaster ZBC TV.
"Companies that have been mining diamonds have robbed us of our wealth, that is why we have now said the state must have a monopoly," Mugabe said.
The largest diamond mine in Marange, Mbada Diamonds, on Monday sued the government at the High Court and was allowed to take control of its mining assets.
Chinese-run Anjin Investments also challenged the government ban at the same court on Wednesday, according to a court application seen by Reuters on Thursday.
Mugabe said he had told Chinese President Xi Xinping during his visit to Zimbabwe last December that his government was not getting much from Chinese-owned mining firms.
Zimbabwe was the eighth largest diamond producer in the world with 4.7 million carats in 2014, according to industry group Kimberly Process. Last year, the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.
Latest Stories
-
Black Stars open camp in Wales ahead of World Cup friendly
8 minutes -
Atlantic Meridian EV unveils Giovani Caleb as brand ambassador to drive Ghana’s electric mobility revolution
8 minutes -
Agriculture is a pathway to wealth, not poverty — Agritech innovator, Evans Kyere-Mensah
20 minutes -
Hindsight: Laryea’s revenge, Ogum’s regrets, and the GFA’s (near) decade of decadence
23 minutes -
To Nationalise or Transform? Joy Business Hosts Roundtable on Ghana’s Extractive Future
26 minutes -
Afena-Gyan’s home in Italy robbed of personal belongings while on Black Stars duties
27 minutes -
GAB launches nationwide anti-fraud campaign
39 minutes -
South African government’s response to xenophobic attacks worrying — Titus Glover
55 minutes -
No cause for alarm over recent cedi depreciation — Prof Asuming
1 hour -
Ghana must diversify economy to safeguard Cedi stability — Prof Asuming
1 hour -
Global conflicts contributing to Cedi depreciation — Prof Asuming
1 hour -
Declining supervision in schools fueling indiscipline — Lom-Nuku Ahlijah
1 hour -
Fear, Fatigue, and Broken Systems: Why the Ghanaian abroad can’t come home and what Ghana must build before they can
2 hours -
Ghana’s Tahiru Haruna powers to bronze at Oran 2026, crowned Africa’s number one
2 hours -
Over 100 NPP executives petition General Secretary over alleged removal of names in Yendi constituency
2 hours