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Diamonds are an Autocrat's Best Friend: Corruption in Zimbabwe's Mining Industry

Earlier this month, Robert Mugabe, Zimbabwe’s president of nearly 30 years, announced his intention to nationalize diamond mining. He explained the decision by blaming corruption in the industry for “robbing of our wealth,” estimating the government’s loss in the past seven years as upwards of $13 billion. 1,367 more words


Diamond mines to be nationalized in Zimbabwe after allegations of foreign theft

In an interview with the state-run ZBC TV, the ninety-two-year-old Zimbabwean President Robert Mugabe said foreign mining companies are using citizens to steal the national wealth (claiming that 2014’s eighth largest global diamond exporter retained only two billion out of approximately fifteen billion dollars in revenue), and, so, his government will take control of all diamond minds through privatization. 160 more words


Police Find Bodies Of Three Illegal Diamond Miners In Zimbabwe

Police have recovered the bodies of three illegal diamond miners, and are believed to still be searching for seven more, in Zimbabwe. 200 more words


Africa Mining: Zimbabwe court orders return to diamond fields after govt ban

A Zimbabwean court has allowed the largest diamond mine in the Marange fields to return and assume control of all assets after challenging government’s decision to stop mining operations, the Miningweekly reports. 282 more words

Mozambique Mining Industry