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Zimbabweans in Granite Mining Areas See Little Revenue From Prized Stone

Zimbabweans in Granite Mining Areas See Little Revenue From Prized Stone

MUTOKO, ZIMBABWE — Three trucks, each carrying raw, black granite, approach a weigh station at the Nyamapanda post at Zimbabwe’s border with Mozambique. Four more trucks, also carrying raw granite, are parked a few meters away. Loads of black granite are a near-constant sight here, where the stone is mined and loaded for transport to […]

Marikana Massacre Police Were Not in Danger, Report

Marikana Massacre Police Were Not in Danger, Report

The Institute for Security Studies (ISS) has published a new report into the killing of 34 striking miners on the 16 August 2012.The South African thinktank has found that the police officers responsible were not under threat when they fired at the miners. The research’ published under the title Sound of Gunfire, includes photographs’ witness […]

10 Zambians Confirmed Dead in Black Mountain Accident

10 Zambians Confirmed Dead in Black Mountain Accident

A mine accident at Kitwe’s slag dump commonly known as the Black mountain has claimed 10 lives while 7 others have sustained serious injuries. Copperbelt Commissioner of Police Charity Katanga and Kitwe Teaching Hospital Acting Medical Superintendent Dr Chileshe Mboni have confirmed the sad development. Katanga said a machine that was working uphill dropped a […]

Mozambique Gemfields Ruby Auction Raises Record 72 Million Dollars

Mozambique Gemfields Ruby Auction Raises Record 72 Million Dollars

The London-based mining company Gemfields on Monday announced that last week’s auction in Singapore of rough rubies from its mine in the northern Mozambican district of Montepuez raised a company record of 71.8 million US dollars. Of the 86 parcels of rubies available at the auction, 82 were sold – fetching an average price of […]

Sierra Leone 700 Carat Diamond Turns Stone-the True Story

Sierra Leone 700 Carat Diamond Turns Stone-the True Story

The most trumpeted topical issue in Sierra Leone is the recently “found diamond” from the country’s diamondiferous region-Kono District. The purported 700 carat gem was handed over to the Vice President-Mohamed Juldeh Jalloh and was later transferred to the National Minerals Agency to conduct one of the internationally acclaimed tests with a device called Presidium […]

Zimbabwe Consolidation Diamond Company boss admits Marange diamond looting

Zimbabwe Consolidation Diamond Company boss admits Marange diamond looting

ZIMBABWE Consolidation Diamond Company (ZCDC)’s chief executive officer, Morris Mpofu, has claimed that some of his subordinates were working in cahoots with illegal diamond miners to steal the gems from Chiadzwa. Mpofu made the remarks during an all-stakeholders diamond security conference in Mutare last Friday. His remarks came amid reports that illegal foreign diamond buyers […]

Tanzania Collected Three Years’ Worth of Tanzanite Royalties in Three Months

Tanzania Collected Three Years’ Worth of Tanzanite Royalties in Three Months

The government said on Thursday that it has collected Sh614.67 million as royalty from tanzanite artisanal miners in three months, from January to March this year. This is more than what it collected in the last three years. The Minister for Minerals Ms Angellah Kairuki said the increase followed the controlling of the tanzanite mining. […]

One Company’s Tax ‘Heaven’ Is Senegal’s Tax ‘Hell’

One Company’s Tax ‘Heaven’ Is Senegal’s Tax ‘Hell’

A lopsided tax treaty between Mauritius and Senegal means, with the right paper work, companies working in Senegal can avoid paying millions in taxes. When one of the world’s largest engineering companies scored a $50 million deal to build a processing plant in Senegal, one of the world’s poorest countries, it looked to a tiny […]

Parastatal Partners Dubious Chinese Firm, Claimed $100m Investment Fails to Materialise

Parastatal Partners Dubious Chinese Firm, Claimed $100m Investment Fails to Materialise

THE State-owned Zimbabwe Mining Development Cooperation (ZMDC) partnered a Chinese company despite Beijing refusing to endorse the deal citing concerns about the investor, parliament heard on Monday. The Chinese investor, Beijing Pinchang, had in 2015 pledged $100 million for the revival of Kamativi tin mine but it later emerged that the foreign partner did not […]

Chinese want more access to Chiadzwa diamond fields – Mnangwagwa bows to pressure

Chinese want more access to Chiadzwa diamond fields – Mnangwagwa bows to pressure

THE Zimbabwean government has bowed to Chinese pressure and will restore Anjin Investment’s operating licence after finalisation of the new diamond policy, nearly three years after the entity was stopped from mining in Chiadzwa, the Zimbabwe Independent can reveal. Last week, President Emmerson Mnangagwa hinted that government would consider roping in new players in Chiadzwa […]

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