Zimbabwe produces 2 Million carats of diamonds -govt

Posted by on Mar 2nd, 2010 and filed under Financial News, Main Headline. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Tue Mar 2, 2010 4:42pm GMT

HARARE, Feb 2 – Zimbabwe has so far this year produced 2 million carats of diamonds from its controversial Marange fields, a government official said on Tuesday, a day after an international monitor arrived to review the mining operations.

Rights groups, which accuse Zimbabwe’s security forces of widespread attrocities in a bid to stop thousands of illegal miners on the poorly secured fields in the eastern part of the country have been pushing for a ban on Zimbabwean diamonds.

Ministry of Mines secretary Thankful Musukutwa told a parliamentary committee the government was complying with demands from diamond trade regulator Kimberly Process, which last year gave the country six months to improve conditions in Marange.

“We should be at 2 million carats now this year,” Musukutwa said when asked how many diamonds had been mined from Marange, adding that a consultant from diamond producer Namibia had been hired to help train Zimbabweans.

The government, through its mining arm Zimbabwe Mining Development Corporation, has partnered little known South African companies, Grandwell Holdings and Core Mining, to set up joint venture firm Mbada Diamonds to mine Marange diamonds.

Kimberly Process monitor Abbey Chikane, a South African, arrived in Zimbabwe on Monday and on Tuesday travelled to Marange to assess whether the government was complying with watchdog’s requirements, Musukutwa said.

Musukutwa said Chikane would then be able to certify Zimbabwe’s diamonds for export.

In January, the government stopped the auction of 300,000 carats of diamonds by Mbada Diamonds because the sale had not been sanctioned by the Kimberly Process.

(Reuters)(Reporting by MacDonald Dzirutwe, Editing by Keiron Henderson)

3 Responses for “Zimbabwe produces 2 Million carats of diamonds -govt”

  1. Haiwawo says:

    We must keep those diaomonds safely as reserve and then we can peg our dollar against the diamonds. We must keep piling them for another six months then we will start selling. This is our chance to beat the bloody Westerners at their game.

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  2. Sama says:

    Those diamonds will always end up in the pockets of a greedy few. No schools or hospitals will be built from them. The money for such projects like roads, hospitals must come from western donors. If they don’t lift sunctions the diamond money belongs army chefs and their sidekicks. The millions of carats are for the fat cats who are often cheated by experienced foreign dealers. Viva Zimbabwe, poverty forever.

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  3. Mtu,zvi adona says:

    So what, why tell evryone waht Mugabe makes, this is something that does not benefit the country. This is a corrupt enterprise. Mugabe should be shot and his balls stuffed in his mouth.

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