Western diplomats led by the European Union head of delegation to Zimbabwe, Aldo Dell’Ariccia, today toured two mines, the Chinese-owned Anjin and Marange Resources. The diplomats asked the Anjin management how much revenue they had remitted to the government following a complaint by Finance Minister Tendai Biti that the treasury is yet to receive money from the firm since the start of the year. Munyaradzi Machacha, a director at Anjin disputed Biti’s projection that earnings from diamond mining would contribute $600 million to state coffers. “We have contributed $30 million to the fiscus through royalties because an average price of a single carat is $60 and not $1 500 as projected by the Minister of Finance Tendai Biti,” Machacha told the envoys.
(21 VIEWS)
Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…
Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…
Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…
Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…