• Healthcare headache

    State healthcare strategies must be more than political posturing, says Mzwandile Jacks.

  • Buzzwords and truths

    Mandi Smallhorne discusses her beef with the terms 'savings' and 'entrepreneurship'.

  • No love lost for SA

    A new biography shows why Elon Musk has little affection for the brutal land where he grew up.

Loading...
See More

Zim diamond mines to set up own power

Sep 11 2011 11:52
Sapa-DPA

Harare - A handful of diamond mining companies affected by crippling power cuts in Zimbabwe have been forced to set up their own dedicated 36-million-dollar power line, a newspaper reported Sunday.

The five companies with operations in Chiadzwa diamond fields, in the east of the country, would have to raise at least 60% of the total cost of installing the line, the official Sunday Mail reported.

According to the report, "erratic" power supplies meant miners' efforts to realize their full potential were "stifled".

The city of Mutare, about 100km from Chiadzwa, would be the source electricity. Mutare and its surrounding areas are badly hit by power cuts, which occur three or four days a week and often last for up to 16 hours.

Zimbabwe's cash-strapped state power utility is owed more than $100m by consumers. Earlier this month, it caused an uproar by raising tariffs by an average of more than 30%.

If the mining companies pay for the power line, they will only be charged half the going tariff, said the Sunday Mail.

Diamonds were first discovered in Chiadzwa in 2006, sparking a gold-style rush to the area before the military drove out illegal miners in 2008. Human rights groups said up to 200 of them were killed in the operation.

Separate reports Sunday said diamonds have recently been discovered in Murehwa, 79km from the capital Harare, sparking another rush. Mines Minister Obert Mpofu was quoted as saying he would send geologists to investigate.

power cuts  |  zimbabwe

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About...

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Eskom’s decision not to give its staff bonuses is:

Previous results · Suggest a vote

Loading...