Zimbabwe to nationalise all mines

2010-12-09 22:20

Harare - The government of Zimbabwe plans to nationalize mining activities, taking 100% of alluvial diamond mining and 51% of other minerals, a cabinet minister was quoted on Thursday as saying.

Indigenisation and Empowerment Minister Saviour Kasukuwere was quoted in the state-owned Herald newspaper as saying that the cabinet of the country's coalition government agreed "unanimously" on Tuesday to the new measures.

They would take effect as soon as official regulations were published, Kasukuwere said. No confirmation from other senior officials was immediately available.

He was also quoted as saying that "all new projects in the mining sector are expected to comply with the above requirements of the law," which analysts said perhaps suggested that existing mines would not be affected.

Mining is Zimbabwe's largest source of income, dominated by a $1.5bn platinum complex owned by South Africa's Impala Platinum, the biggest producer in the world.

The country also has several foreign-owned gold mines as well as ferrochrome and diamonds.


The Marange diamonds fields in the east have been plagued by charges of human rights abuses and looting by the army and government officials.

There are currently about eight operators licensed to mine the 60 000ha fields, none of them major international producers.

Finance Minister Tendai Biti has frequently complained that the state receives only "peanuts" from Marange.

After eight years of catastrophic economic decline, Zimbabwe's economy began growing again last year following the establishment of a power-sharing government between President Robert Mugabe and former opposition leader, Morgan Tsvangirai, who is now prime minister.

The mining industry was the fastest growing sector of the economy this year, recording 47% growth.

  • Michael - 2010-12-10 01:10

    The looting continues!

      PunkBuster - 2011-09-28 12:13

      Ok now juju, watch that Zim space!!! Lets see if your plan for this country is a wise one...

      Seperate - 2012-06-28 12:24

      @PunkBuster: Honestly, if Zim was to prosper from this would you acknowledge it? i doubt it.

  • exrhodesian - 2010-12-10 07:41

    I wonder how they will "pay" for their 51% share or will they just grab and destroy. Look at the whole of Africa that has been "de-colonised". Total chaos and destruction.

      Schmalcolm - 2010-12-10 08:48

      I think just 'taking' would be easiest. Paperwork is such a nightmare these days. - 2010-12-10 12:21

      There is no payment - we are been made to GIVE them shares for free! This will soon come to SA, you guys already have BEE. We have never even had that here.

  • pop101 - 2010-12-10 09:16

    I really feel sorry for the people of Zimbabwe. I pray our people will see what is really happening here.

  • Michael - 2010-12-10 10:03

    The Zimbabwean people have only themselves to blame. Are they always going to be a pathetic, downtrodden bunch living off South Africa hoping the world will do something? - 2010-12-10 11:40

      Yes Michael like we had a choice! Our family and friends murdered when we spoke out against Mugabe. Unless you have been through that DO NOT SPEAK!

      JackMeoff - 2010-12-10 14:41 - Whilst we sympathize with you and we DO understand what it's like, why don't you guys get some back-bone and rebel against them like you did against the white man (Ian Smith), Or are you more tolerant if the barbaric despot is black ? C'mon...get with the modern times.

  • LeTissier - 2010-12-10 13:55

    Stinks of Malema. One wonders what Comrad Julius and his father Bob "I hate the West because they are plotting to ruin us" Mugabe spoke about when Comrad Julius went home to Zimbabwe. "Eh, Comrad Bob or should I say Father. I like very much this idea of taking mines for "government". It will makes the people think we are helping our country but in fact we are making all the illegal underground workings of Government officials invisible under our laughable laws. Bob, sorry Father, I think me should open this idea to the majority of poephols that want to screw South African citizens out of every last inch of their country"

  • Shadoz - 2010-12-10 16:50

    it's the African way people why so surprised?

      Seperate - 2012-06-28 12:33

      @Shadoz: No it's the Colonial way people why so surprised? What goes around...

  • Chillibean - 2011-09-28 05:25

    Why are you displaying this article which was written in December 2010? Today's date is the 29th September 2011.

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