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Vol 55 No 10

Published 16th May 2014


Zimbabwe

Mugabe moves on Marange

The government is consolidating diamond-mining companies. This could put the President’s family in overall control

Since the government has declared that there isn't enough room in the diamond-mining area of Marange for the seven existing firms, Mbada Diamonds is expected to be the last miner standing (AC Vol 51 No 10). The firm would be a joint venture with the Zimbabwe African National Union-Patriotic Front (ZANU-PF) government but we hear that the biggest private share may already be in the process of transferring to President Robert Mugabe's wife, Grace Mugabe. Diamond mining has been strongly linked to the security establishment, which is said to fear losing access to a ready source of funds for private use.

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