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
-
EOCO vrs Baffour Awuah: EOCO should have secured warrant before arrest attempt at court – Inusah Fuseini
3 minutes -
Triple fibre cuts disrupt telecom services across Northern, Oti regions – Sam George
6 minutes -
Politicisation could undermine parliamentary probe into cocaine seizures – Dr Osae-Kwapong
12 minutes -
EOCO chases MP: Can Section 41 cure lacuna in EOCO Act? – Inusah Fuseini asks
15 minutes -
GNFS, GWL inspect fire hydrants in Ministries enclave; 23 found faulty
21 minutes -
Gov’t directs release of 50,000 bags of grain to ECOWAS
23 minutes -
Ghana, Germany deepen cooperation on railways, labour mobility
28 minutes -
Huge crowds greet Pope in Paris for open-air Mass
39 minutes -
‘I never said I’ll declare a state of emergency’ – President Mahama on galamsey
1 hour -
Bobby Banson condemns EOCO’s attempted arrest of Nana Agyei Baffour Awuah
2 hours -
When Kumasi begins to look like somebody is in charge
2 hours -
Parliamentary probe into cocaine seizure would be a waste of time – Inusah Fuseini
2 hours -
Cocaine seizure: Focus on Ghana’s reputation, not partisan blame – Osae-Kwapong
2 hours -
Two Invitations, Three Interrogations: Did Baffour Awuah tell the whole story?
2 hours -
Drug cartels may be seeing Ghana as easy route – Lenin Anane Agyei
3 hours