Breaking News

Grand theft: How diamonds were looted in Marange

by Mandla Ndlovu
09 November 2018 | 3321 Views
In June 2006, one of the world's largest alluvial diamond deposits was discovered at Marange in eastern Zimbabwe. Estimated to yield between US1 to 1.7 billion dollars per annum, the revenue from these diamonds has the potential to breathe new life into Zimbabwe s ailing economy.

Farai Maguwu of the Centre for Natural Resource Governance appearing in front of the Parliamentary Portfolio Committee of mines chaired by Hon. Temba Mliswa attempted to shed more light on how the diamonds were looted by politicians and their friends.

"The issue of diamonds in Zimbabwe dates back to 1993 when De Beers got an exclusive prospecting order for Marange, not that they wanted to explore anything they had need there before  they knew what was in the ground. De Beers illegally extended its EPO against the laws of this country beyond 1999 to 2006." Maguwu said.

"During its time De Beers were not exploring they were mining. A processing plant was set up at Bezel Bridge by De Beers in a business compound owned by one Mr. Nyamhindi where they began processing diamonds. They will take the ore from Marange to Beitbridge. Some of the diamonds were exported through Beitbridge using Fawcett security company vehicles.

"The government was aware of this scandal. Villagers from Marnge inquired from the minister Amos Midzi that they were seeing suspicious  activities happening. They were told that De Beers was doing doing exploration for fertiliser manufacturing. After that some MPs then began to push for an investigation into De Beers activities in Marange.

"It is at that point that De Beers did not renew its EPO in 2006. But even then, the Minister of Mines was actually fighting in DeBeers corners that he is only going to give a license to anyone else only in the case that De Beers does not submit an application for renewal.

"From 2009 government approached criminals in middle East and gave the licenses to come and mine diamonds in Marange. These criminals got into partnership with Zimbabwe Mining Development Cooperation to form what was called Diamond Mining Corporation.

"Diamonds were looted by the Middle East criminals through buying them illegally from the Minerals Marketing Corporation of Zimbabwe at $3.50 per carat and sold to middle East.

"Central Intelligence Organisation entered into a joint diamond-mining deal known as Sino-Zim, with Chinese convict Sam Pa. Sino-Zim operated a diamond mine known as Kusena Diamonds in the Chiadzwa area. Sam Pa through the Kusena Diamonds siphoned diamonds out of the country with the aid of the security agents."

The CIO have always maintained that their mining venture at Kusena was not profitable, adding the $1 120 906,08 realised from the sale of 18 981,99 diamond carats was not remitted to the Presidents Office by the ZMDC.

Global Witness  also reported that the military was also involved heavily in the siphoning of the diamonds through their pseudo companies. One of the companies that mined the richest portion of the Marange diamonds was Anjin Investments. They alleged that  alleged that 50% of the company was owned by another company, Matt Bronze Pvt (Ltd) and the other 50% is owned by an individual, Brigadier General Tarumbwa. The fact that 50% of the company that enjoys the largest share of the Marange Diamond Fields was owned by an army general raises questions over the deal between the Zimbabwean government and Anjin.

Farai Maguwu Marange Sam Pa

Source: Byo24News


Latest News

Bill Gates honours Zimbabwe's Edzai Zvobwo - Zimbabwean born entrepre...

by Mandla Ndlovu | 15 November 2018 | 1 Views

Mutsvangwa's ouster:A plot to destroy Mnangagwa

by Mandla Ndlovu | 15 November 2018 | 3 Views

Kukura Kurerwa vehicles auctioned

by Mandla Ndlovu | 15 November 2018 | 3 Views

Sanctions divide Mnangagwa's new dispensation

by Mandla Ndlovu | 15 November 2018 | 3 Views

Vertical Agreements and Competition Law - The Competition & Tarif...

by Competition & Tariff Commission | 15 November 2018 | 1 Views

Zimbabwe police open murder dockets into August 1 'army' killings

by newzimbabwe | 15 November 2018 | 3 Views

Full letter: Chamisa to attend Motlanthe-led commission

by Mandla Ndlovu | 15 November 2018 | 1 Views

I survived military shootings says British journalist

by Mandla Ndlovu | 15 November 2018 | 3 Views

Chamisa not fazed by arrest threats

by Staff reporter | 15 November 2018 | 6 Views

Chamisa, Biti subpoenaed by Motlanthe-led commission

by Staff reporter | 15 November 2018 | 19 Views

Mnangagwa to address peace fete

by Staff reporter | 15 November 2018 | 7 Views

African govts fight 'conflict diamonds' resolution - AFRICAN governmen...

by Staff reporter | 15 November 2018 | 1 Views

Mnangagwa to monitor companies allocated forex by RBZ

by Staff reporter | 15 November 2018 | 6 Views

Gaddafi son now seeking political asylum in Zimbabwe - AN adopted son ...

by Staff reporter | 15 November 2018 | 11 Views

Undenge's trial deferred

by Staff reporter | 15 November 2018 | 1 Views

The Miraculous Story of Tayambutswa - HARARE mayor Herbert Gomba on Tu...

by Staff reporter | 15 November 2018 | 2 Views

'Killer' gold panners granted bail - THREE of the 11 illegal gold pann...

by Staff reporter | 15 November 2018 | 4 Views

Modi invited to India gold summit

by Staff reporter | 15 November 2018 | 7 Views

Fifa investigating 'illegaly' Chiyangwa?

by Staff reporter | 15 November 2018 | 7 Views

3 money changers appear in court - THREE suspected money changers, all...

by Staff reporter | 15 November 2018 | 7 Views

Money changers desert Bulawayo streets - ILLEGAL money changers in Bul...

by Staff reporter | 15 November 2018 | 1 Views

Chiwenga aligned war vets gun for Mutsvangwa

by Staff reporter | 15 November 2018 | 1 Views

Government calls rogue pharmacies to order - GOVERNMENT has directed p...

by Staff reporter | 15 November 2018 | 7 Views

3 witnesses nail Komichi

by Staff reporter | 15 November 2018 | 1 Views

Schools seek permission to close early - At least five boarding school...

by Staff reporter | 15 November 2018 | 5 Views

Zimbabwe braces for tourist boom

by Staff reporter | 15 November 2018 | 1 Views

Zanu-PF recalls Chiredzi councillors - Zanu-PF has resolved to recall ...

by STaff reporter | 15 November 2018 | 6 Views

Latter Day Saints to expand Zimbabwe presence - The Church of Jesus Ch...

by Staff reporter | 15 November 2018 | 1 Views


Winky D gets Chamisa's recognition

by Staff reporter | 06 November 2018 | 4955 Views

Tagwirei marries long-time girlfriend - Contemporary gospel musician T...

by Staff reporter | 05 November 2018 | 3275 Views

Winky D's video stirs controversy

by Staff reporter | 03 November 2018 | 3129 Views

Maskiri is back

by Staff reporter | 27 October 2018 | 885 Views

PHOTO: Sulumani Chimbetu now a prison warden

by Picture by Nyasha Chawatama | 25 October 2018 | 14271 Views

Indosakusa leaves injiva in stitches

by Future Moyo aka Jamelah | 23 October 2018 | 2617 Views

Bustop takes a dig at Mnangagwa

by Staff reporter | 14 October 2018 | 9119 Views

Olinda, Tytan planning to relocate to South Africa

by Staff reporter | 12 October 2018 | 1298 Views

Mobile Spy Software Maker Mspy Hacked

mspy, the makers of a software-as-a-service product that claims to help more than two million people spy on the mobile devices of their kids and partners, to have been massively hacked. a public relations pitch from mspy to krebsonsecurity in march ... Read More
SecNews 17 May 2015 ago

Ios 9 Features Inspired By Android

apple announced ios 9 on monday, and while watching the keynote, i had just a little bit of déjà vu. most of ios 9's new features seem to be squarely aimed at apple's biggest rival in mobile: android. specifically, they were about catching up to ... Read More
Sergey 13 June 2015 ago