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Zimbabwe's Elections 2013 - Index of Articles
$2bn diamond revenue nowhere to be found
Cecilia Jamasmie, Mininng.com
October 17, 2013
More than $2
billion in revenues from the high mining taxes Zimbabwe charges
to companies, particularly to diamond producers are still missing
from the government coffers, with no one to officially blame, reports
the world's fourth-largest diamond miner, mainly thanks to the
vast and rich Marange field, Zimbabwe is still one of the poorest
countries in the world. But the nation, until last month affected
by European Union sanctions, is again demanding answers from its
an organization that campaigns against natural resource-related
conflict and corruption, as well as associated environmental and
human rights abuses, says its has strong evidence of links between
Zimbabwe's two largest diamond mining companies and Zimbabwean officers.
not clear where the money is going," said Global Witness spokeswoman
Emily Armistead. "It appears there is a mixture of corruption
enriching specific individuals and some funds going to security
operations. Our concern is that it could be used to fund repression
and human rights abuses."
For years the
country's diamond industry has been fraught with controversy both
domestically and internationally due to accusations of human rights
abuses and corruption.
In 2012, Zimbabwe’s
Deputy Mines Minister, Gift Chimanikire, confirmed an army-owned
company holds a 40% stake on Anjin, one of the most lucrative diamond
concessions in the country.
Days later it
was reported that a Chinese diamond mogul have ploughed $100 million
into the African country’s Central Intelligence Organisation
(CIO) to fund covert operations against the opposition.
Early this year,
the country’s Finance Minister Tendai Biti accused diamond
firms of failure to pay tax revenues in full to the authorities,
claiming only $40 million out of an expected $600 million reached
government coffers in 2012.
And in his September
speech at the UN, President Robert Mugabe said one top mining official
and ruling party loyalist had recently accepted a $6 million bribe
from Ghanaian investors to obtain diamond-mining rights in Marange.
So far, no legal
action has been taken against the official or any other person involved
in alleged diamond-related corruption.
total diamond production from Marange increased from 8,7 million
carats in 2011 to 12 million carats last year. This year, production
is expected to rise further reaching over 17 million carats.
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