Sparkling Intrigue
Mining Weekly|September 29, 2017

Report reveals how politicians and security forces are siphoning off Zim’s diamond wealth

Ilan Solomons
Sparkling Intrigue

The political elite and secu­rity forces have taken control of and secretly exploited Zimbabwe’s once promi­ sing diamond sector, while con­cealing the scale of the loss from its people, a new report from international watchdog organi­sation Global Witness reveals.

The report, titled ‘An Inside Job’, examines five of the major mining companies that recently operated in the Marange dia­mond region, in the east of the country. The report shows how companies have concealed their finances and shielded their opera­tions from public scrutiny, hiding significant stakes in these companies held by the coun­ try’s spy agency, the Central Intelligence Organisation (CIO), the Zimbabwe military and government itself.

Global Witness says that this raises con­cerns that diamond money is secretly financ­ ing institutions responsible for oppressing the Zimbabwe people.

Alongside the report, Global Witness has released a never­before­shared map, finally revealing the details of company concessions in Zimbabwe’s Marange diamond fields. It has also produced a short film featuring members of local communities describing the impacts of Marange diamonds on their lives.

The organisation contends that “very lit­tle” of Zimbabwe’s diamond wealth has bene­fited ordinary people. It notes that, since 2010, Zimbabwe has officially exported about $2.5­billion worth of diamonds, according to official figures from the Kimberley Process. Limited available government reports show only around $300­million of this can clearly be identified in public accounts.

هذه القصة مأخوذة من طبعة September 29, 2017 من Mining Weekly.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة September 29, 2017 من Mining Weekly.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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