Zimbabwe's president kicks out private diamond miners, nationalizes industry

[ClosedCaption]

Zimbabwe's president kicks out private diamond miners, nationalizes industry

HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.

Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.

"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.

Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.

 

[Dont Taz Me Bro]

I'm sure this will work out as well for them as Venezuela's nationalization of their oil industry.

Zimbabwe used to be referred to as the "Breadbasket of Southern Africa." Then Mugabe took over.....

 

[TooTall]

Zimbabwe's president kicks out private diamond miners, nationalizes industry

HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.

Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.

"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.

Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.

Make a guess what their total output will be next year.

 

[martybegan]

I'm sure this will work out as well for them as Venezuela's nationalization of their oil industry.

Zimbabwe used to be referred to as the "Breadbasket of Southern Africa." Then Mugabe took over.....

Getting the private companies out makes graft and embezzling for the higher level government people easier.

 

[martybegan]

Zimbabwe's president kicks out private diamond miners, nationalizes industry

HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.

Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.

"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.

Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.

Make a guess what their total output will be next year.

Before or after the multiple levels of skimming is done?

It will be like in Vegas Casinos in the 60's and 70's.

 

[blastoff]

Color me a daffy liberal but I just feel Bernie Mugabe & Thugs taking over the country's diamond industry is gonna work out just swell for the good people of Zimbabwe.

 

[PaintMyHouse]

Zimbabwe's president kicks out private diamond miners, nationalizes industry

HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.

Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.

"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.

Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.

Diamonds a such a joke, but there are going to be some unhappy capitalists no longer able to exploit the natural resources of others.

 

[DigitalDrifter]

Who's the greatest mining team of all time ?

Da.......beeer's !

 

[martybegan]

Zimbabwe's president kicks out private diamond miners, nationalizes industry

HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.

Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.

"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.

Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.

Diamonds a such a joke, but there are going to be some unhappy capitalists no longer able to exploit the natural resources of others.

Yes, the people of Zimbabwe will be exploited by their fellow countrymen exclusively now.

 

[PaintMyHouse]

Yes, the people of Zimbabwe will be exploited by their fellow countrymen exclusively now.

That's actually better, believe it or not. Now the fight is up to them...

 

[RoshawnMarkwees]

Looks like terrorists just found themselves another sugar daddy gov.

 

[Steven_R]

It will always be easier to blame the Europeans for their problems and they always will. European colonization will always be the scapegoat for anything that goes bad in Africa, even when the fault is squarely on the heads of the Africans.

A century from now Africa will still be a shithole and they'll still be blaming Europe for their problems.

 

[TNHarley]

I hate to say it, but that was probably the only solution. Those people deserve so much more

 

[TNHarley]

Zimbabwe's president kicks out private diamond miners, nationalizes industry

HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.

Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.

"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.

Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.

Diamonds a such a joke, but there are going to be some unhappy capitalists no longer able to exploit the natural resources of others.

Yes, the people of Zimbabwe will be exploited by their fellow countrymen exclusively now.

that crossed my mind, too.. Is there a solution?

 

[WildBillKelsoe]

I'm sure this will work out as well for them as Venezuela's nationalization of their oil industry.

Zimbabwe used to be referred to as the "Breadbasket of Southern Africa." Then Mugabe took over.....

Rhodesia was known as the bread basket of Southern Africa. Zimbabwe has never been known as anything but just another communist shit hole.

 

[WildBillKelsoe]

I hate to say it, but that was probably the only solution. Those people deserve so much more

Yeah, and now Mugabe has more funds available to murder his people.

 

[Steven_R]

Zimbabwe's president kicks out private diamond miners, nationalizes industry

HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.

Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.

"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.

Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.

Diamonds a such a joke, but there are going to be some unhappy capitalists no longer able to exploit the natural resources of others.

Yes, the people of Zimbabwe will be exploited by their fellow countrymen exclusively now.

that crossed my mind, too.. Is there a solution?

Yes. Tell Africa "tough shit. You wanted independence, got it decades ago. This is on you." and stop sending them aid packages.

 

[Dont Taz Me Bro]

I'm sure this will work out as well for them as Venezuela's nationalization of their oil industry.

Zimbabwe used to be referred to as the "Breadbasket of Southern Africa." Then Mugabe took over.....

Rhodesia was known as the bread basket of Southern Africa. Zimbabwe has never been known as anything but just another communist shit hole.

Zimbabwe is Rhodesia

 

[PaintMyHouse]

Zimbabwe's president kicks out private diamond miners, nationalizes industry

HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.

Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.

"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.

Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.

Diamonds a such a joke, but there are going to be some unhappy capitalists no longer able to exploit the natural resources of others.

Yes, the people of Zimbabwe will be exploited by their fellow countrymen exclusively now.

that crossed my mind, too.. Is there a solution?

Yes. Tell Africa "tough shit. You wanted independence, got it decades ago. This is on you." and stop sending them aid packages.

Can we do the same for Israel?

 

[RoshawnMarkwees]

Zimbabwe's president kicks out private diamond miners, nationalizes industry

HARARE, Zimbabwe, Feb. 22 (UPI) -- Zimbabwe President Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining operations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.

Several companies abandoned their equipment, including: Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds. These organizations were invited to nationalize their assets but they chose to stay as private entities and give up whatever little political capital was built up.

"Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect," Zimbabwe Mines Minister Walter Chidakwa said.

Zimbabwe ranked ninth in total diamond output in the world with 4.7 million carats in 2014, according to the fourth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre and Bain & Co. Last year, Zimbabwe's production fell by 1.6 million carats and the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.

Diamonds a such a joke, but there are going to be some unhappy capitalists no longer able to exploit the natural resources of others.

Yes, the people of Zimbabwe will be exploited by their fellow countrymen exclusively now.

that crossed my mind, too.. Is there a solution?

Yes. Tell Africa "tough shit. You wanted independence, got it decades ago. This is on you." and stop sending them aid packages.

Can we do the same for Israel?

African problems are from within. You're another anti-Semite.