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Thread: Mugabe: Diamonds can revive Zimbabwean economy

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    A Self Important Senior Contributor troung's Avatar
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    Mugabe: Diamonds can revive Zimbabwean economy

    Mugabe: Diamonds can revive Zimbabwean economy
    Zimbabwe's massive diamond reserves can revive nation's shattered economy, says Mugabe
    ap

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    President Robert Mugabe, inspects the guard of honour during the opening ceremony of the Parliament in Harare, Tuesday, July, 13, 2010. The session was officially opened by President Robert Mugabe, who announced that Zimbabwe would go ahead to sell the diamonds it is currently mining, despite not having received the all-clear from the world diamond control body. (AP Photo/Tsvangirayi Mukwazhi)
    Angus Shaw, Associated Press Writer, On Tuesday July 13, 2010, 8:52 am EDT

    HARARE, Zimbabwe (AP) -- Zimbabwe's president said Tuesday his nation will sell its massive reserves of diamonds despite not receiving authorization from the world's diamond control body.

    A defiant President Robert Mugabe on Tuesday told lawmakers diamond sales have "huge potential" to revive the shattered economy. He said Zimbabwe can account for one-fourth of the world's diamond supply.

    The Kimberley Process diamond certification scheme has not authorized international sales amid allegations of killings, human rights violations and corruption in the massive diamond fields discovered in eastern Zimbabwe in 2006.

    "No one should doubt our resolve to sell our diamonds," Mugabe told lawmakers at the ceremonial opening of the Parliament in Harare.

    Criticism by Western nations and human rights groups deadlocked a Kimberly Process meeting in Israel last month that sought approval for the sales after a regional monitor of the control body reported Zimbabwe had met minimum international diamond mining standards.

    Mugabe said Zimbabwe's Western adversaries wanted "absurd" conditions put in place to block the diamond sales.

    "We have to remain rooted in the reality we are the sole guarantors of our economic emancipation," he said.

    Critics of Mugabe say his economic policies have contributed to precipitous economic decline in a decade of political turmoil that included the often violent seizures of thousands of white-owned farms that disrupted the agriculture-based economy.

    Mugabe acknowledged Tuesday that key infrastructure -- including power and water utilities, roads and transport services -- had fallen into disrepair and housing programs had come to a standstill over the past decade.

    Mining experts estimate that Zimbabwe's diamond fields, sealed off by police and troops in the districts of Marange and Chiadzwa near the eastern city of Mutare, are likely the biggest deposits found in Africa since the Kimberley fields were discovered in neighboring South Africa a century ago.

    The mines ministry says it already has about $1.7 billion of diamonds in storage ready to be sold. Zimbabwe's total international debt is estimated at around $5.5 billion.

    Consignments of diamonds have been sold illegally. Earlier this year, one shipment was detected in Dubai and police in neighboring Mozambique reported arresting alleged diamond dealers carrying more than $1 million in cash hidden in their car near Zimbabwe's porous eastern border.

    Finance Minister Tendai Biti, a top official of the former opposition Movement for Democratic Change in a fragile coalition with Mugabe's ZANU PF party, said Monday many Zimbabweans were still suffering from malnutrition despite the potential for the country's diamond wealth to restore collapsed social, health and education services and repair the country's agricultural infrastructure.

    Zimbabwe's diamond producer status is scheduled to again come under review Wednesday at a meeting of the World Diamond Council in St. Petersburg, Russia.

    The mines ministry, controlled by Mugabe's party in the coalition with Prime Minister Morgan Tsvangirai, the former opposition leader, denies wrongdoing and accuses human rights groups of "peddling falsehoods" over rights violations.
    To sit down with these men and deal with them as the representatives of an enlightened and civilized people is to deride ones own dignity and to invite the disaster of their treachery - General Matthew Ridgway

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    tankie Military Professional tankie's Avatar
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    The sooner he,s killed the better ,hopefully by one of his own . There was not a lot wrong with the country until he started raping it .
    Last edited by tankie; 14 Jul 10, at 10:54.


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    Defense Professional Dreadnought's Avatar
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    Quote Originally Posted by tankie View Post
    The sooner he,s killed the better ,hopefully by one of his own . There was not a lot wrong with the country until he started raping it .
    Makes you wonder if guys like that consider the day of reckoning. When all sins must be answered for. His day will come and he will answer for it no doubt.

    The world will become a little better of a place when that SOB buys it.
    Fortitude.....The strength to persist...The courage to endure.

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    Senior Contributor bonehead's Avatar
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    I'd be the first to say I would not shed a tear when Mugabe's actions finally catch up to him. However, it would be nice to break DeBeer's monopoly for at least a while so I can buy my wife a shiny rock at a more reasonable price.

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    Official Thread Jacker Senior Contributor gunnut's Avatar
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    On the one hand there's Mugabe, a racist murderer profiting from the blood of his own people. On the other hand there's the diamond cartel which behaves like a labor union...
    "Only Nixon can go to China." -- Old Vulcan proverb.

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    A Self Important Senior Contributor troung's Avatar
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    On the one hand there's Mugabe, a racist murderer profiting from the blood of his own people. On the other hand there's the diamond cartel which behaves like a labor union...
    Don't worry you are not the only one who hopes he dumps diamonds on the market

    Edit; racist murder profiting from blood versus union style conduct - wonder who GN likes the least....
    Last edited by troung; 14 Jul 10, at 19:51.
    To sit down with these men and deal with them as the representatives of an enlightened and civilized people is to deride ones own dignity and to invite the disaster of their treachery - General Matthew Ridgway

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    Patron indus creed's Avatar
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    As Mugabe would say:

    TIA !

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