Mugabe: Diamonds can revive Zimbabwean economy

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  • Blaze
    Full Member Status

    • Jan 2009
    • 4371

    Mugabe: Diamonds can revive Zimbabwean economy

    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.

    "I have heard there are troubles of more than one kind. - Some come from ahead and some come from behind. - But I've bought a big bat. I'm all ready you see. - Now my troubles are going to have troubles with me!" ~ Dr. Seuss
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  • Blaze
    Full Member Status

    • Jan 2009
    • 4371

    #2
    Good for them!
    There is no reason what so ever for them to not use their resource to save them selves.
    Screw the diamond cartel. And their nutty campaigns to keep diamonds overly inflated in value and ideology.
    Ffs, diamonds can be made in the lab now, there is little reason even to mine diamonds.
    Zimbabwe should flood the market and make the diamond market at their beckon.
    "I have heard there are troubles of more than one kind. - Some come from ahead and some come from behind. - But I've bought a big bat. I'm all ready you see. - Now my troubles are going to have troubles with me!" ~ Dr. Seuss
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    • GAR
      Banned
      • Jan 2004
      • 10881

      #3
      At issue here is not their right to sell stones, it is about the human rights violations and how everything Mugabe touches gets fucked up.

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      • Seshmeister
        ROTH ARMY WEBMASTER

        • Oct 2003
        • 35750

        #4
        GAR is correct.

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        • BITEYOASS
          ROTH ARMY ELITE
          • Jan 2004
          • 6530

          #5
          The only thing that diamond mining in Zimbabwe will revive, is Mugabe's swiss bank account. Whereas the many of the poorly paid workers dying in those mines will not be revived. I'm surprised the people of Zimbabwe haven't gone fuckin nuts on Mugabe, but I'm sure a severe beating and tearing of his corpse is what waits for Mugabe and his henchmen in the future.

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          • Hardrock69
            DIAMOND STATUS
            • Feb 2005
            • 21897

            #6
            This is true. I am in favor of NOT sanctioning the sales of their diamonds, as 'The People' will not see a penny of it. Mugabe is just mad, because the diamond cartels are standing in the way of making even more millions off the deaths and slave-like conditions for the People Of Zimbabwe.

            The same thing has been going on in Nigeria for decades, but with oil instead of diamonds.

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            • Nickdfresh
              SUPER MODERATOR

              • Oct 2004
              • 49563

              #7
              Originally posted by Blaze
              ...
              A defiant President Robert Mugabe on Tuesday told lawmakers diamond sales have "huge potential" to revive the shattered economy....

              ...

              So would that fuckwit Mugabe dying and someone actually competent and not totally fucking corrupt taking over...

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              • Nickdfresh
                SUPER MODERATOR

                • Oct 2004
                • 49563

                #8
                Originally posted by GAR
                At issue here is not their right to sell stones, it is about the human rights violations and how everything Mugabe touches gets fucked up.
                Did GAR actually make a dead-on post? WTF is the world coming too?

                Comment

                • Nitro Express
                  DIAMOND STATUS
                  • Aug 2004
                  • 32942

                  #9
                  What keeps the third world fucked is the World Bank and International Monitary Fund. They give loans to nations knowing they will default and then they take the resources of that country. They also like to keep puppet dictators in power who do their bidding. Actually if there is a coupe in such places the overthrowing general usually ok's it with the powers that be first. Sure, but give us a few more banana plantations and then the shooting begins at the television station and presidential palace. A new boss but the same game. This has been going on ever since the Europeans started sailing the world's oceans.
                  No! You can't have the keys to the wine cellar!

                  Comment

                  • Blaze
                    Full Member Status

                    • Jan 2009
                    • 4371

                    #10
                    Eh, I thought this was the new person, wasn't Taylor the last one?
                    I'll have to research the area some, but no matter, flooding the diamond market would be a good thing.

                    Main thing, if there is a paper trail courts can force the retrieval of the funds.
                    Swiss theft is not on the same grounds any longer.
                    The world courts aren't playing the shell game like they used to.
                    "I have heard there are troubles of more than one kind. - Some come from ahead and some come from behind. - But I've bought a big bat. I'm all ready you see. - Now my troubles are going to have troubles with me!" ~ Dr. Seuss
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