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Vol 2 (AAC) No 5

Published 1st March 2009


Zimbabwe

Diamonds in the rough

After disappointments in Asia, President Robert Mugabe and Reserve Bank Governor Gideon Gono have been working hard to bring in Russian capital, especially in the opaque diamond sector. Russian surveyors have already visited deposits in Midlands Province and President Mugabe was hoping for a cash injection of up to US$5 billion from the Russian government and state mining company Alrosa, which had held discussions with Gono.

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