Zimbabwe’s Diamond Fields: A Tale of Unprecedented Plunder

“Transfer pricing, trade mis-invoicing, and capital flight through the repatriation of profits by Anjin to China and by local elites to secret bank accounts in South Africa, Hong Kong , the Cayman Islands and other areas is also oozing a significant amount of capital that should be used to improve the lives of the poor.”

Africa-Fight-Now.ORG!

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Civil society, trade unions and community organisations should unite and demand  not only the end of corruption at Chiadzwa but the nationalisation and appropriation of all the properties of those who looted. The failures of private capital have been laid bare…

In 2008 at the height of the economic crisis thousands of unemployed youths flooded the Chiadzwa mining area in what was a dramatic ‘diamond rush’ following the expiration of De Beers’ mining licence in 2006 and the cancellation of Africa Consolidated resources’ mining licence. De Beers had plundered diamonds at Chiadzwa for roughly 13 years using its ‘Exclusive Prospecting Orders’ (EPOS).It had a 47 EPOS in Chipinge. The international diamond mining company covertly expropriated thousands of tonnes of diamonds under the guise of ‘exploration samples’, ‘crushed rock samples’ and ‘kimberlitic rock samples’.

ray Raymond Sango

The unemployed youths who later on descended on Chiadzwa…

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