Zimbabwe's President Robert Mugabe said on Thursday his government would take possession of all diamond operations because existing miners had robbed the country of its wealth.
Mugabe's comments came a week after the ministry of mines ordered all mining companies to halt work and leave the Marange fields, saying they had not renewed their licenses. At the time it denied it was seizing the mines.
"The state will now own all the diamonds in the country," Mugabe said during a two-hour interview with state broadcaster ZBC TV.
"Companies that have been mining diamonds have robbed us of our wealth, that is why we have now said the state must have a monopoly," Mugabe said.
The largest diamond mine in Marange, Mbada Diamonds, on Monday sued the government at the High Court and was allowed to take control of its mining assets.
Chinese-run Anjin Investments also challenged the government ban at the same court on Wednesday, according to a court application seen by Reuters on Thursday.
Mugabe said he had told Chinese President Xi Xinping during his visit to Zimbabwe last December that his government was not getting much from Chinese-owned mining firms.
Zimbabwe was the eighth largest diamond producer in the world with 4.7 million carats in 2014, according to industry group Kimberly Process. Last year, the government received $23 million in royalties and other fees from diamond mines, down from $84 million in 2014.
Latest Stories
-
Samson’s Take: Punish the criminal ‘vigilante’ takeovers
10 minutes -
Kwasi Siaw: Pioneering African talent management with HC Talent
12 minutes -
Damongo: NDC youth allegedly shuts down community mechanised borehole
2 hours -
Mahama vows to uncap NHIS levy in upcoming budget
2 hours -
‘God is telling you to lead through difficult times’, says Rev. Wengam to Mahama
2 hours -
Appiah-Kubi calls on Mahama to review 60-Minister pledge if governance requires
2 hours -
Aklerh makes a ‘Mash Up’ move
2 hours -
No business as usual – Mahama warns appointees
2 hours -
Mr P.O.P: Message from the Morning Man by Kojo Yankson
2 hours -
True peace stems from justice, not the lack of conflict – Duncan-Williams
2 hours -
One dead, student rider injured in a crash at Assin Andoe
2 hours -
Have a long term plan and financial solution for Ghana’s energy sector to permanently get rid of “dumsor”.
3 hours -
Ghana to commission first NuScale small modular reactor simulator training centre in Africa
3 hours -
FirstBank celebrates year-end thanksgiving service at Victory Bible Church
3 hours -
FirstBank’s 2024 Graduate Trainees give back to the community: A day of learning and sharing at Mount Zion Presby Model Primary School
3 hours