Flashback: Shabanie Mashaba Mine; a case of bad politics and greed

JOHANNESBURG – What started out as a legal fight for the return of businesses confiscated by the state has become an intriguing expos of how  Former President Robert Mugabe runs the nation. Court papers in the dispute between Shabanie Mashaba Mine (SMM Holdings) and Minister Patrick Chinamasa revealed Mugabe’s hidden hand meddling in judicial matters. SMM was taken over by the government  ostensibly for owing huge amounts to the Reserve Bank of Zimbabwe and other lenders, and on suspicion that it spirited foreign currency earnings abroad. Both allegations have yet…

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The reopening of Shabani Mashaba Mines – Share your Views

PLANS to re-open the Shabani Mashaba Mines (SMM), which were shut down in 2004, were at an advanced stage after the government engaged an Indian company that is ready to buy 50 000 tonnes of the mine’s produce per year, a government official has revealed. Mines deputy minister Fred Moyo recently confirmed the development, saying a technical report that is being put together by management details financial and technical requirements for SMM’s revival. He said SMM has completed a report for Mashava’s Gaths Mine, while Shabani’s report is almost complete.…

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LATEST: Mugabe’s missing $15 billion saga takes new twist

By Muza Mpofu CONTINUED reports that US$15 billion worth of diamonds disappeared from mining claims in Chiadzwa are a reflection of a failure to understand the context in which the initial estimate was communicated, a senior Government official has said. In an interview with our Harare Bureau last week, Presidential Press Secretary Mr George Charamba said the media had failed to comprehend that former President, Cde Robert Mugabe, had used that figure as a metaphor to express the magnitude of his anger at the opaque nature of operations at the…

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