News about Zimbabwe that you can use
One of the leading United States diamond traders which has been at the forefront of encouraging its clients not to trade in Marange rough diamonds, the Rapaport Group, said in its newsletter yesterday it is doing so to comply with the US Patriot Act and the OFAC regulations raising questions as to whether the United States considers Zimbabwe a terrorist state.
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More people believe Finance Minister Tendai Biti’s forecast that the Zimbabwean economy will grow by more than 9.3 percent this year than the International Monetary Fund’s prediction that the economy will slow down to 5.5 percent.
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Debate about Zimbabwe’s diamonds continues almost a week after the breakdown of Kimberley Process talks in Kinshasa.
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Kimberley Process Certification Scheme chair Mathieu Yamba declared that diamonds from Marange Resources and Mbada could be exported with immediate effect on 23 June and those from other mines in Marange could be exported after verification of compliance by KP monitors.
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BSG Resources, which is at the centre of a controversy between Core Mining and the government over the Marange diamonds, has admitted that it was indeed interested in the Marange diamonds and intended “to fully support Core in all aspects of its obligations in the Marange diamond project”, but pulled out when the stringent conditions it set were not met.
(115 VIEWS)
