Fin24

Shabangu: Stop sanctions on Zim diamonds

2012-11-13 09:07

Vic Falls - South Africa and Namibia on Monday for an end to sanctions on Zimbabwean diamonds imposed after human rights groups said hundreds of diggers were killed by the police and army, and sale proceeds were being channelled to the military.

Speaking at the inaugural Zimbabwe diamond conference on Monday, Mines Minister Susan Shabangu said South Africa is committed to lifting the economic sanctions imposed on Zimbabwe.

Namibian Mines Minister Isak Katali also called at the conference for an end to sanctions on the Zimbabwe gem trade.

“The discovery of diamonds in Zimbabwe has been a thorn in the flesh to those that have issues with Zimbabwe to exercise its sovereignty over its minerals and other natural wealth,” Katali said.

“They tried to block the export of diamonds and vilify this country and its diamond sector.”

Meanwhile former president Thabo Mbeki said Zimbabwean natural resources should benefit locals and not a group of elites.

In his address at the Zimbabwe Diamond Conference on Monday, where he was the guest speaker, Mbeki said the country’s political leadership have to ensure that the benefits cascade to the masses.

“All the parties in the global political agreement must absolutely ensure that the diamond mining industry is not governed by a predatory elite which uses its access to state power to enrich itself, against the interests of the people as a whole, acting in collusion with the mining companies,” he said.

Zimbabwe’s mines minister told the same conference that at least US$30m is trapped by international institutions under the anti-Marange diamond campaign.

As a result, the country’s mines minister said, there is no need for full disclosure in Zimbabwe’s ongoing mining transparency initiative.
 
“How can you be transparent when there are hyenas chasing after you? They want to know who is buying your diamonds, which country they are coming from, which bank they are using and which flight they are on.”

Chaim Even-Zohar, president of Tel Aviv-based diamond consulting service Tacy Limited, told the conference Zimbabwe is earning 75% of potential diamond value due to economic sanctions as it cannot get the best market prices.

Zohar added Zimbabwe has potential to produce 8 to 10% of global production but is hamstrung by restrictions, which has seen it selling the gems at a discount. 
 

Comments
  • bennie.kruger.5 - 2012-11-13 09:41

    We should build a wall around Zim and fill it with Water !!

      john.m.mcdowall - 2012-11-13 10:13

      Best idea anybody has had in a long time. Before they fill it, Mugabe should invite all his corrupt friend from the cANCer so that their demise will also happen.

      ziningat - 2012-11-13 13:10

      nice idea boss.why?

      isaac.tapfumaneyi.5 - 2012-11-13 15:00

      we should throw you in jail so you can be brutaly raped full

      boltonbarry - 2012-11-13 15:49

      Isaac should be thrown in school so he can learn to type properly and while he is in school we sbould build that wall.

      kevin.watson.7906 - 2012-11-13 15:59

      That would alleviate one of the problems, drought.

      juju.malema.792 - 2012-11-13 16:21

      Susan Shabangu is an idiot and a puppet of the cANCer regime.

  • glen.e.huysamer - 2012-11-13 09:53

    Blood Diamonds are Blood Diamonds Period, but while South Africa and Namibia call for diamond proceeds to filter to the masses these countries themselves have draconian laws preventing it's own Nationals from freely prospecting and dealing in the gems, while huge international companies and a few elite earn huge profits by enforcing illegal laws against the population, which are the rightful owners of these natural resources.

      claudia.meads - 2012-11-13 11:36

      The "...huge international companies... ...earn huge profits..." from mining...' misnomer is absolutely staggering. Mining is a massively capital intensive venture. It requires overwhelming amounts of capital to start-up and run (i.e. to make it sustainable). This "up-front" capital has to come from somebody/somewhere - those people are the share-holders/investors. The reason mining operations earn, what is perceived to be "huge profits" is to offset the massive capital outlay associated with mining. It is quickly (and conveniently) forgotten that mining co's have been around for more than a century (in some cases near centuries) - if not by their current name/-structure, then as they were brought over and/or merged. Capital have been invested in mining for all this time - at times at significant losses. The knowledge base of the entire industry has also been built over this period - at a massive cost. WHO PAID FOR THIS..? Those who claim mine co's make "huge profits" - NO, the mining co's and their investors did, frankly they deserve every bit of profit they make. I do not deny for a moment that feckless parasites like Mugabe and his posse of goon do not deserve a single sent they are getting. The call to end sanctions against Zim's diamond industry - as long as that demon (Mugabe) is still around - is as morally reckless, as it strategically obtuse. I will say it again: and these people called Apartheid a 'Crime Against Humanity' - just note Mugabe...

      kevin.watson.7906 - 2012-11-13 16:32

      Messrs Huysamer and Meads, you have both missed the point. The companies that prospected and brought these deposits to the fore have had their legally obtained permits and rights illegally appropriated by ZANU PF and the Zimbabwean Military through the use of force (murders beatings and ignored Court Orders). Thats right they are blood diamonds. These thieves have then used Chinese capital and South African expertise to perpetrate the theft of the diamonds and proceeds there from and fail to pay to the Zimbabwean treasury its dues in terms of the mining laws. It is grand theft (Messrs Shabangu, Chikane and Mbeki would have the world ignore this).

      claudia.meads - 2012-11-14 00:26

      kevin.watson.7906, For one who is the self-appointed judge-and-jury of "THE POINT", you conspicuously make no point at all, other than a verbose repetition of know data. My "point" stands - here as it does elsewhere: the malignant misnomer that corporates are there for the sole purpose of one-sided exploitation, is just that - A MISNOMER. It does however not deter from the fact that the entire leftist parasitic political landscape would stop at nothing to create such a perception (viz that corporate = evil). Yet, if it were not for the corporate landscape, we would still be dancing and waving spears, living on the fringes of the stone-age. This portrait of evil (no pun intended - read the ‘Spear of the Nation) depicted by the parasitic left, serves only as a red-herring, as is vividly demonstrated in the (basket)-case that is Zimbabwe and its mad despot (closely followed by South Africa's own madman and the entourage he sent to Zim). The corporate world creates wealth, the left-of-center political planet of parasites leech on wealth - viz they only consume it. There exists a hideous notion that corporates make "excessive profits" - it is false in every manner conceivable. The free-market system has the perfect balancing mechanism - ie COMPETITION. The reason the world is in the mess it is, is due to competition (and as such merit) being diluted.

      kevin.watson.7906 - 2012-11-14 08:28

      Ms Meads, I am a capitaist with my own businesses. I have been gaifully employed in my own businesses on a part time basis or full time basis since 1963. I do not need lessons in the relationship between investment and profits, or ifact the relationship between hard work and profits. The point that you seem oblivious to is that Marange is an open cast mining area. The expensive work was the prospecting work the actual cost of taking the diamonds out of the ground is minimal. All that is needed are a front end loader, a truck and a sorting table, and rented premises with improved security. R3m would be ample, this would give rise to revenues of hundreds of million rands. The companies that spent hundreds of millions of rands prospecting the area had their mining leases stolen. If you go to Zimbabwesituation.com and read there regularly you will obtain a much clearer picture of what is happening around the diamonds in Zimbabwe. Some years ago there were many articles gleaned from the regional and international press on the scale of the brutality . smuggling and illegality. Messrs Shabangu Chikane and Mbeki would have us all turn a blind eye to this murder, abrogation of the rule of law and theft.

  • denise.wilshire - 2012-11-13 09:54

    Yes of course we should lift sanctions against the Zim Diamond trade. It would make life so much easier for Grace, as she shops till she drops in the exclusive boutiques around the world! Don't worry about the inhumane conditions of the mining slaves or the brisk trade in blood diamonds through Moz. Minister Shibangu, your track record is intact! Another dark day in darkest Africa.

  • dewaldt.duplessis.5 - 2012-11-13 09:56

    I'm wondering how much of these diamonds is ending up in Julius Malemas back pocket? Someone is backing him and this is my theory. That is why Julius was in Zim, to collect diamonds from his buddy mad BoB.

  • john.turner.58760608 - 2012-11-13 10:11

    SA and Namibia calls are really pathetic, considering it has been reported that Uncle Bob and friends have pocketed US$ 2bn from the sale of diamonds.

      wwrer.ww - 2012-11-13 11:30

      They love dictators. As long as they are black.

      isaac.tapfumaneyi.5 - 2012-11-13 15:09

      do u hv the evidence and can you believe anything you hear?

      ziso.maziso - 2012-11-13 17:05

      ...and you are making this comment from where, SA?! What do you know about Zim? Unless you were their accountant, perhaps then you can tell us these numbers you are so passionately presenting!

  • simisha - 2012-11-13 10:11

    the world should stop buying diamonds altogether. they have no intrinsic value what so ever.

      brad.ken.18 - 2012-11-13 10:36

      Before you make idiotic, troll comments like this, do some research first! Here, let me GIVE you a link. Chances are its too much reading for you, but here's hoping you can be a little more educated. http://geology.com/minerals/diamond.shtml

  • gary.desousa.7 - 2012-11-13 11:24

    I call on the Kimberly process countries to enforce and strengthen santions againt mugabe and his regime as it appears this country has now got into bed with that terrorist and we will soon follow suit.

  • isaac.tapfumaneyi.5 - 2012-11-13 15:04

    zimbabwe has a right to do whatever they want with their diamonds what is the problem?someone is surely buying those diamonds and who is it?of coz eu and us

      boltonbarry - 2012-11-13 15:50

      And the world has a right to ban them

      kevin.watson.7906 - 2012-11-13 16:38

      Mr ZANU PF apologist, the diamonds are being sold to Indian diamond cutters and the proceeds are illegally shared outside of the Zimbabwe tax net. This means that with the help of China and South Africa the diamond revenue is being stolen by a few of the ZANU PR "chefs".

      isaac.tapfumaneyi.5 - 2012-11-14 07:54

      @kevin hw do you know wer these diamonds are sold do you work there?stop being a fullish idiot

  • isaac.tapfumaneyi.5 - 2012-11-13 15:07

    sa had the biggest diamond deposits in the world until they wer looted by de beers, now oppenhimer is the richest man in sa.what did black south africans got ahhh nothing so look closer home instead of pocking your nose in others business

      boltonbarry - 2012-11-13 15:51

      And now the Black Zim government is using the black locals en giving them nothing. Same "Animal Farm" scenario different pigs.

      kevin.watson.7906 - 2012-11-13 16:39

      3m Zimbabwean refugees in South Africa make it South Africa's business.

      ziso.maziso - 2012-11-13 17:02

      way to go tapfuma, give these wannabies some lesson or two. Looks like we are dealing with a bunch of bitter people who have no respect for other countries' affairs. Perhaps wishing they could be Zimbabweans themselves and getting a share of our resources!

  • gerrit.vanpletzen - 2012-11-13 15:35

    So that Bob and his cronies can f*ck over the poor even more, yes!

  • kevin.watson.7906 - 2012-11-13 16:14

    The diamonds in Zimbabwe have been illegally expropriated by the predatory ZANU PF elite using murder, forced relocations and beatings. They are blood diamonds. The illicit funds are used to retain a tenuous hold on power by a party that lost an election, and have been facilitated in this by Abby Chikane, Thabo Mbeki and now Susan Shabangu. There is the uneplained wealth of the Minister of Mines Obert Mpofu, from zero to filthy rich in 4 years whilst earning a Cabinet Ministers salary in a bankrupt country,Robert Mugabe to able to personally give $20m for agricultural inputs but cannot explain where the money comes from, Emerson Mnangagwa building a $6m "conference centre" in the town of Gweru and cannot explain where the funds come from, Mugabes former helicopter pilot building a R20m house in KZN etc.

  • crystal.core.5 - 2012-11-13 16:15

    Disgraceful! South Africa should be lead sanctions against Zim until that tyrant Magube is tried for crimes against humanity. People are suffering and our corrupt regime is supporting their corrupt regime, prolonging the suffering in Southern Africa. Both the fat politicians of Zanu PF and the ANC are falling over themselves to plunder the riches of the economy at the expense of the impoverished people who put them into power.

  • ziso.maziso - 2012-11-13 16:57

    Zimbabwe and its resources belong to the Zimbabweans. If you are not Zimbabwean, perhaps that is why you are having to cringe at the very thought of Zimbabwe being very rich, with recent discoveries of every imaginable high value mineral resource. Leave Zimbabwe AlONE!

      gilbert.pindano - 2012-11-14 12:52

      im a zimbabwean and i dont understand why these two clowns are defending that old dictator who is responsible for bringing the once prosperous country to its knees. they are either apologists or worse, bootlickers who would defend that stinking regime no matter what because they cannot think for themselves. i mean is it a secret that the country is bleeding? over 2 million Zimbos( including myself) are now resident in South Africa and not by choice and these morons think this is a joke? its still a joke for them when hospitals in that country have no medicines and electricity cuts are the order of the day. its still a joke for them when cabinet ministers are driving around in expensive cars and buying private jets and expensive pads in neighboring countries when 97% of the country's working population has no jobs. what good is wealth when the common people who are in the majority do not enjoy it? the real reason why these two morons are on the defensive is that they are part of the system and they see nothing wrong with it. shame on you. i would like to warn you that the end is near and all right thinking zimbos are going to throw you out! shameless bastards

  • vamutasa - 2012-11-14 12:28

    why is it that diamonds that are mined by African countries and are not controlled by the USA or the EU are called blood diamonds . Why is it illegal to sell elephant horns and rhino horns which are found predominantly in southern africa . Who decides what is sold on the international market . zimbabwe is always looking for loans from all over the world , why not let them sell legally the stockpilles of ivory and diamonds that they have . Banning the sale of these only promotes the black market sale of them .

  • ziso.maziso - 2012-11-16 12:03

    @ Gilbert: It's clear that you've run away from Zimabwe and therefore have no moral high ground on which to be making your ludicrous comments. Perhaps if you are on the ground you'd understand a few basic things. It is obvious you are now out of touch with reality!

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