Browsing tag

African Consolidated Resources

$45m Zimbabwe govt cash seized

HARARE – About $45 million in diamond revenue was on Friday seized by a South African company in Belgium after it had been granted an interim order against President Robert Mugabe’s cash-strapped government over a cancelled platinum concession, the Daily News can reveal.

Obert Mpofu ‘the most corrupt Minister’

Does Obert Mpofu think that his personal accumulation of wealth, assets and the creation of a massive business empire in Zimbabwe is going unnoticed? This is an African State, there are no secrets writes MP Eddie Cross.

Overview of the Marange diamond fields

The discovery of massive diamond deposits in Zimbabwe has led to hundreds of media reports exploring the abuse of human rights and grandscale corruption. It can be difficult to keep up to date with events as they unfold, or to tease out the key story as it unfolds.

Cranswick denies court approved diamond sale

Andrew Cranswick the CEO of African Consolidated Resources (ACR) has denied state media reports that the High Court approved the sale of diamonds at the centre of an ownership dispute between his company and the government. On Tuesday the Herald claimed the court had sanctioned the sale of 129 000 carats of diamonds mined from […]

High Court approves ‘blood diamond’ sale

The Zimbabwe High Court has approved the sale of diamonds from a field plagued by human rights abuses, as Harare moved to defy the Kimberley Process, reports state-run media. The sale of 300, 000 carats of diamonds from the eastern Marange fields was blocked last year by the international regulator after it found that Zimbabwe […]

UK firm will never mine Zim diamonds

By Clara Smith  HARARE – Mines Minister Obert Mpofu has declared that London-based mining firm African Consolidated Resources (ACR), “controlled by one white man”, will never mine diamonds at Marange diamond field in eastern Zimbabwe as long as he is in charge of the ministry.  Mpofu was speaking to reporters at Parliament on Wednesday just […]