Zimbabwe

Diamonds may be forever, but current prices are not— experts

Cecilia Jamasmie | April 21, 2014
Diamonds may be forever, but current prices are not— experts

Despite billions spent on exploration, only around 30 significant diamond mines are currently in production.

Rio Tinto paints rosy future for diamonds

Cecilia Jamasmie | March 7, 2014
Rio Tinto paints rosy future for diamonds

Production of rough diamonds expected to be worth $19.6 billion by 2018.

Alberta most attractive mining destination in Canada, third worldwide

Cecilia Jamasmie | March 3, 2014
Alberta most attractive mining destination in Canada, third worldwide

Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.

Marange may not be the world’s largest diamond producer for much longer

Paul Zimnisky | February 10, 2014

Marange is currently ranked the largest diamond producing deposit on earth, but its days seem to be counted.

Zimbabwe platinum miners appease Mugabe with refinery plans

Ana Komnenic | January 19, 2014
Mugabe

Companies met deadline to submit concrete plans for major refinery.

Massive diamond fields discovered in Zimbabwe to save the country’s industry

Cecilia Jamasmie | January 14, 2014
Massive diamond fields discovered in Zimbabwe to save the country’s industry

Authorities are calling them the "the billion dollar diamond fields," though little exploration has taken place so far.

Zimbabwe may have to stop producing diamonds

Cecilia Jamasmie | December 10, 2013
Zimbabwe may have to stop producing diamonds

Country’s diamonds said to be depleting fast.

Diamond prices to jump next year— Alrosa

Cecilia Jamasmie | December 2, 2013
Alrosa’s production, revenue up in Q1

A steady diamond demand in Europe, paired with an ever growing appetite for these precious stones in China and India, are to blame, says Alrosa.

Zimbabwe's diamond mineworkers want 250% pay hike

Frik Els | December 1, 2013
Zimbabwe's diamond mineworkers want 250% pay hike

Platinum sector workers will be happy with 208%, while gold miners seek a 150% wage increase. Industry is offering 0.6%.

Zimbabwe’s $2bn diamond revenue nowhere to be found

Cecilia Jamasmie | October 17, 2013
Zimbabwe’s $2bn diamond revenue nowhere to be found

So far, no legal action has been taken against people allegedly involved in diamond-related corruption.

INFOGRAPHIC: The truth about conflict diamonds

Cecilia Jamasmie | September 25, 2013
The truth about conflict diamonds

And what can be really done to choose certified conflict-free diamonds.

New Dawn sinks 50%; says current business and economic environment threatens its existence

Ana Komnenic | September 21, 2013
New-Dawn-sinks-50pct

Schedules meeting to discuss share consolidation and closed Zimbabwe mine.

European Union revokes sanctions on Zimbabwe’s diamond firm—report

Cecilia Jamasmie | September 17, 2013
European Union revokes sanctions on Zimbabwe’s diamond firm—report

Despite claims of fraud in the July election that kept President Robert Mugabe in power.

Rough diamond prices to skyrocket in 2018

Cecilia Jamasmie | September 9, 2013
Rough diamond prices to skyrocket in 2018

Steady diamond demand in the United States, paired with an ever growing appetite from China and India set to cause a major gap in global supply and demand, says report.

New Dawn shuts down Zimbabwe gold mine

Frik Els | August 30, 2013
New Dawn shuts down Zimbabwe gold mine

The Dalny mine has been in distress for some time.

Zimbabwe selling uranium to Iran is British media’s latest ‘malicious and blatant lie’ — Mining ministry

Cecilia Jamasmie | August 11, 2013
Zimbabwe selling uranium to Iran is British media’s latest ‘malicious and blatant lie’ — Mining ministry

Obert Mpofu denied Sunday a report claiming the African nation had signed a secret deal to supply Iran with uranium.

Diamond mining in Zimbabwe: The Chininga Report

Africa Confidential | June 25, 2013

New document exposes the corruption and leakages in the diamond mining sector in the country.

Millions of dollars paid by diamond miners in Zimbabwe vanish

Cecilia Jamasmie | June 19, 2013
Mugabe

Parliamentary committee found "serious discrepancies" between what diamond companies claimed to have paid in local taxes, and what the government said it had received.

Zimbabwe bans alluvial mining

Kerry Hall | June 12, 2013
Bubye River, Zimbabwe

The government has cancelled all existing permits and will issue no new ones.

Zimbabwe to reverse ‘outrageous’ mining fees

Cecilia Jamasmie | May 31, 2013
Zimbabwe to reverse ‘outrageous’ mining fees

Zimbabwe's law allow ministers to pass regulations that do not need to be approved by Parliament first, but within two months the Parliamentary Legal Committee has to make a ruling on their constitutionality.

Miners in the dark on Zimbabwe’s plans to seize foreign stakes

Cecilia Jamasmie | April 29, 2013
Mugabe

A draft bill leaked to the media last week shows the government is planning to amend the current law to avoid paying compensation to foreign miners.

Zimbabwe's small-scale miners plan to increase gold output

Kerry Hall | March 15, 2013
Small-scale miners in Zimbabwe

Miners' assocation says the sector could surpass four tonnes this year.

Zimbabwe's finance minister demands diamond companies pay up

Kerry Hall | March 12, 2013
Tendai Biti, Zimbabwe

Diamond sales in 2012 were $800 million with only $45 million coming to the government so far in taxes.

New Zimbabwe PGM royalties and fresh blow to Implats add to industry woes

Frik Els | March 10, 2013
New Zimbabwe PGM royalties and fresh blow to Implats add to industry woes

Higher royalties until miners build refineries inside the country and a threat to revisit Implats indigenization deal.

Fraser Institute ranks Finland and Sweden top mining destinations

Cecilia Jamasmie | February 28, 2013
Fraser Institute ranks Finland and Sweden top mining destinations

Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.

Diamonds fog Zimbabwe reforms: NGO

Cecilia Jamasmie | February 21, 2013
Diamonds fog Zimbabwe reforms

Global Witness said there are gaps in European Union sanctions on Zimbabwe that may allow diamond revenue to continue funding the military.

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