Newsletter
Submit
World Clock
Hong Kong  12:35
New York  00:35
Mumbai  10:05
Jerusalem  07:35
Brussels  06:35
Moscow  08:35
Home > Diamond News Center > Diamond News > World

Zimbabwe Spurns Diamond Transparency Demands

30.07.12, 10:26 / World
diamond
  Enlarge
Map of Zimbabwe
Zimbabwe's Mines Minister rejected calls from his fellow cabinet ministers for greater transparency in the management of the country's mining resources, AllAfrica.com reported. Obert Mpofu, a member of the ruling ZANU-PF party, said that government officials who had not contributed to the country's diamond industry had no right to demand accountability from the sector.
 
Zimbabwe's Finance Minister, Tendai Biti, has previously claimed that revenues from the country's diamond industry are only trickling into government coffers and that most of the profits are being siphoned off. Recently, the government was unable to pay civil service workers' salaries and later revised its annual budget to reflect the unexpected tax shortfall from the diamond sector.
 
Millions of carats of diamonds have been mined from Zimbabwe's Marange region of the country in the last three years, but only a small group of political and military officials are aware of the exact number, according to AllAfrica.com.
Recommendations from Facebook
© Copyright 2014 Israel Diamond Institute. All rights reserved
Terms of Use Privacy Policy
Israel Diamond Institute ewave
Access the Israel diamond institute portal
registred members
  #
Forgot your password?