Stories

The Parliament Committee on Mines and Energy which is chaired by former Mines Minister Edward Chindori-Chininga has grilled the leadership of the Zimbabwe Mining Development Corporation and the Minerals Marketing Corporation of Zimbabwe for lack of oversight on the two joint ventures operating in Chiadzwa, Mbada Diamonds and Canadile Miners.

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Mines Minister Obert Mpofu said the state was going to appeal against the court ruling that the Chiadzwa diamond fields belonged to African Consolidated Resources.

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Mines Minister Obert Mpofu told a parliamentary select committee that government wanted 50 percent shareholding in joint ventures with investors and this was not negotiable.

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Mines Minister Obert Mpofu said Zimbabwe was planning investor-friendly legislation and was reviewing the Indigenisation Bill which required foreign companies to sell 51 percent of their mine assets to Zimbabweans.

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Finance Minister Tendai Biti was appointed to the diamonds committee in response to the concerns raised by the Kimberley Process which had barred the trade of rough diamonds from the Marange fields.

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Mines Minister Obert Mpofu had written to the Kimberley Process Certification Scheme confirming that Zimbabwe would comply with the recommendations of the KP one of which was the elimination of military control over the Chiadzwa diamonds area.

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Mines Minister Obert Mpofu was denied a visa to the United Kingdom to attend the 6^th International Mining in Africa symposium where he was expected to give a key address.

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The Chiadzwa diamond fields hit the international news after a team of Canadian journalists visited the mine and interviewed Mines Minister Obert Mpofu and one of the people that said he had helped with the mass grave that the government continued to deny.

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Obert Mpofu has been one of the few political survivors from Matabeleland with a constituency of his own. He is also reported to be one of the richest men in the country though there are still questions about how he got his money. He is also reported to be thoroughly corrupt and has so far converted all Movement for Democratic Change politicians who have been appointed his deputies at the Ministry of Mines. There are just over 40 cables on him. Here is the first batch.

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Industry and International Minister Obert Mpofu introduced a ban on the export of all basic commodities saying industry had abused the government’s heavily subsidised Basic Commodity Supply Side Intervention (BACOSSI) facility by exporting output meant for the local market.

(140 VIEWS)