Zimbabwe’s government shuts down companies After losing 14 billion in looting

Glencore-Mining The government of Zimbabwe has closed 8 companies operating in marange diamond area as it embraces a move to decommission the four companies, Anjin a Chinese company, Jinan, Mbada diamond and Diamond Mining Company, the government  aims at consolidating these into one company company known as Zimbabwe Consolidated Company as a way of enhancing transparency and accountability.

This move comes after the government says that this  was after serious and serial  demonstration of ignorance by the companies to renew their licenses and resistance to join a one company which the government is a 50% shareholder.

Marange diamonds is one of the largest deposit of alluvial in Africa but now seem to be running out of diamonds and uneasy to predict the availability of this precious jam down there. The recent cozy relationships between private companies and the government has causes world-wide panic in as far as foreign direct investment is concerned.

Analyst have blamed the government for failure to uphold the rule of law and the principles of natural justice in dealing with the case.

National Constitutional Assemble (NCA) president Professor Lovemore Madhuku said that ‘the government has acted arbitrarily and in breach of the rule of law principle” he added that the government is creating a smokes screen and disorder so that they continue to loot more resources from the already eaten up field.

The Movement for Democratic Change Spokesperson Obert Gutu said the government should respect property rights and uphold the constitution of land. The chaos happening in the mining filed has seen the move by panners to steal property and small equipments that was in the mining site leading to the companies to take the matter to court.

While the government has challenges the decision by the high court order in favour of the applicant (the companies) it has been accused of ironical crying foal to the very same people who have been operating at their express blessing.

The former minister of finance cum president of the Peoples Democratic Party (PDP) Hon Tendai Biti said the government has lost over 14 billion dollars since the year 2009 and today it cannot cry foal as it was part and parcel opf the whole shenanigans that transpired there he added that the government can not unilaterally close companies with 90 days notice as this  is grossly unreasonable.

The government of Zimbabwe has over the past 7 years been partnering with private companies in large scale looting while rendering the citizens more impoverished as they have benefited nothing  from the precious jams discovered in the eastern province of Zimbabwe.

It has turned to be mind boggling for most Zimbabweans who have not been benefiting from these stones to wonder if the move by the government will note have negative consequences in terms of Foreign Direct Investment (FDI) and also cultural effects as these have left the bones opf their ancestors lying iddle in the Odzi river despite the new site for burial which was put in place.

On the other hand the defecto  government has defended its position and accusing private media for spreading wrong assumption, the government through the ministry of foreign Affairs Simbarashe Mbengengwi assured the people of Zimbabwe that the Chinese government is in fact in support of the formation of one company and this will not affect the mega deals that china and Zimbabwe have signed.

This was also repeated by the chines ambassador to Zimbabwe Mr Huang Ping who said that small differences would not affect the bond between Zimbabwe and China, he added that if the differences exist they will be resolved in a progressive manner.

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