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Zimbabwe Ready to Resume Marange Diamond Exports, South Africa Says


Post Date: 15 Apr 2011    Viewed: 468

Zimbabwe has complied with the demands of the Kimberley Process and is ready to resume exports of its diamonds from the Marange region, South African Mines Minister Susan Shabangu told the World Federation of Diamond Bourses Presidents' Meeting, which met this week in Dubai, Bloomberg reports.




Shabangu said it was "unfair" of the international community to keep Zimbabwe under an embargo.




Shabangu's remarks came after KP Chairman Mathieu Yamba issued a green light last month for Zimbabwe to export its Marange diamonds. Yamba's decision was criticized by the EU, US, Canada, and Australia, who claim that it was not taken in accordance with KP regulations, which stipulate that all policy be determined by consensus.




The US has warned that a government website will publish the names of any diamond companies trading in Marange goods, and the EU has called for an emergency meeting of the KP Working Group on Monitoring, which is not scheduled to meet until November of this year, to discuss Yamba's move. The World Diamond Council, in the meantime, has advised all member organizations to refrain from trading in Zimbabwe's diamonds until the matter is fully resolved.




Zimbabwe's Mines and Mining Development Minister Obert Mpofu also spoke at the WFDB conference, stressing that his country would not be banned from selling its diamonds. Mpofu said that Africa needed to take action to "get a bit of respect" and added that Zimbabwe would not continue holding talks with people "who are openly defiant against the Kimberley Process."

 


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