Update on Zimbabwe: the government is taking away all the diamond mines from their owners by refusing to renew their licenses. They say they are not nationalizing them.
HARARE, Feb 24 Zimbabwe’s Diamond Mining Company (DMC) plans to sue the government for breach of contract after the Southern African nation banned gem mining in the east of the country, a company official said on Wednesday.
Zimbabwe’s mines minister on Monday ordered nine companies operating in the Marange fields to stop all mining activities and leave immediately because their licences had expired.
22 Feb 2016
Zimbabwe’s president kicks out private diamond miners, nationalizes …
Robert Mugabe on Monday ordered the expulsion of eight foreign diamond mining companies and turned over all mining overations to the newly formed, government-run Zimbabwe Consolidated Diamond Co.
Meanwhile, Ol’ Bob celebrated his 92nd birthday to the tune of $1,000,000 while his countrymen are starving and they are in the midst of an incomprehensible drought. (Why does his wife look like Michele Obama – bottom photo?)