Global Witness Says Blood Diamond Money Stashed by Mugabe Loyalists
USAToday reported Global Witness said mining officials loyal to the authoritarian president are stashing profits from Zimbabwe's diamond fields.
USAToday reported Global Witness said mining officials loyal to the authoritarian president are stashing profits from Zimbabwe's diamond fields.
Business Insider reported the systems that monitor mining,and trafficking of diamonds are ineffective, and some countries still trade blood diamonds.
Bloomberg reports two human rights groups say Zimbabwe breached an international agreement.
CNBC reports human rights groups are asking foreign financial institutions in Zimbabwe banks to stop enabling the sale of "blood diamonds."
Bloomberg reports Sierra Leone will review all mining contracts with major companies.
The Australian reports that the Kimberly process, which is a process put in place to rid the world of "blood diamonds, is failing.
Mining Weekly reports that exports of diamonds from Zimbabwe are still not allowed over concerns about blood diamonds and unethical mining processes. The article states: While Zimbabwe diamonds may still not be officially exported from Zimbabwe in accordance with Kimberley Process principles, unofficial sales are continuing. To read the whole article, click here.
SW Radio Africa News.com reports that the World Federation of Diamond Bourses's s vice-President, Ernest Blom has denied accusations that he was involved in the trade of blood diamonds.
Bloomberg.com reports that the UN is stepping up efforts to abolish trade in blood diamonds
In the wake of the Kimberley Process Scheme meeting in Jerusalem, no decision has yet been made on lifting the export ban on Zimbabwe’s “blood” diamonds, and Indian merchants are pushing for trade to be resumed.
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