Khadija's focus on CIF should not obscure the fact that other foreign companies are actively exploiting the Marange diamond fields, including South Africa's New Reclamation Group. Apparently Diamond Mining Corporation and Mdaba Resources also have foreign investors as partners. Which countries do these firms call home? I tried to find out by using google but drew a blank. Does anyone else know?
3 comments:
Thanks for sharing this Deborah - I have included it in IIED's new In Our World blog http://www.iied.org/our-world-1-march-2013-food-energy-urban-tales-more
Dear Ms. Deborah,
Passing on a second-hand information - I haven't have the chance to double-check for correctness
South Africa's New Reclamation Group is a struggling company, almost at the blink of collapse - as evidenced by the following link --- http://www.bloomberg.com/news/2013-01-25/reclam-imperils-market-as-debt-falling-due-south-africa-credit.html
Rumor has it that it has been abandoned by its major investors (rumored to have Netherlands-Indian subcontinental connection, do not publish this fact yet, Deborah, I need to check the source)
As for the other two companies I'll see what I can come up with
Global Witness reports cover Mbada (SA, Mauritius, Hong Kong, BVI), Anjin (Zim and China), Sino Zimbabwe (CIF) (Hong Kong, Singapore, Zimbabwe); while DMC represents Lebanese diaspora diamond miners operating through Dubai.
Apart from Anjin - a use of secretive tax havens is common.
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