via No more cash from Chiadzwa: Chinamasa – DailyNews Live 6 March 2015
HARARE – Government is no longer getting anything from companies mining diamonds in Chiadzwa as the field has run out of alluvial diamonds, Finance minister Patrick Chinamasa said on Wednesday.
Responding to a question from James Maridadi, the MDC MP for Mabvuku Tafara, during questions with notice in Parliament, Chinamasa said the quality and quantity of diamonds mined at the controversial diamond fields has declined.
Maridadi wanted to know why Chinamasa’s national budget was “the only one since 2009 which does not seek to get funding from the diamonds which the country often boasts about”.
He argued that government should be getting a significant amount of revenue from diamond mining since it was both a player through the Zimbabwe Mining Development Cooperation (ZMDC) as well as a beneficiary from taxes paid by the mining companies.
“The truth of the matter is that there are no more alluvial diamonds and the companies there, except for only one, did not set aside funds to explore and extract the kimberlitic diamonds that are now found there,” Chinamasa told the National Assembly.
The opposition lawmaker’s supplementary question came after Chinamasa claimed that government did not have funds to pay farmers who delivered grain to the Grain Marketing Board (GMB) last season.
Webster Shamu, Chegutu West Zanu PF MP wanted to know when government was going to avail funding for the refurbishment of the GMB silos which are in bad shape.
COMMENTS
These thugs should get their stories straight:
“Addressing members of the Parliamentary Portfolio Committee on Youth, Indigenisation and Economic Empowerment, Mhlanga said: “We have exceeded the $1 billion turnover mark and the bulk of the money is for the fiscus.
“The bulk of our production and money goes to government funds, with royalties currently at 15%, depletion of resources 5% and other taxations to government.
“Mbada Diamonds has contributed 75% of the revenue in the fiscus. During the crisis over civil servants’ salaries, Mbada was contributing $15 to $20 million a week to the fiscus,” Mhlanga said.
Contrary to reports that the company has hit an all time low because diamonds are running out, Mhlanga told the same portfolio that diamond reserves are still available in Marange.”
http://nehandaradio.com/2015/03/05/former-mbada-employees-picket-offices/
There is a word called Sustainability . Obviously not in Zanus word list. ZANUperiodic fools what is really wrong with you what what what. Everything you bloody touch turns to sand. What is hard what. You truly are a useless bunch of fruitcakes. Shame shame shame.
Either they are now looking for greener pastures to reap of or most likely they are lying. so that we stop all that mourning over our diamonds being stolen.”what diamonds, i told you there is nothing anymore there !”