Parly on SMM fact-finding mission


HARARE – The parliamentary portfolio committee on Mines and Energy, will today tour Murowa Diamond and Shabanie Mashava Mine (SMM) on a fact-finding mission. Speaking to the Daily News yesterday, committee chairperson Temba Mliswa said the reasons for the visit is to compare the operations of Murowa and Zimbabwe Consolidated Diamond Company (ZCDC). “We received oral evidence from Murowa, as you know that Murowa is privately-owned we are going to compare their operation with that of ZCDC in terms of accountability and social responsibility.” Mliswa said. At least $125 million…

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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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