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Zimbabwe Govt Squandered Diamond Revenues

Zimbabwe Govt Squandered Diamond Revenues

DESPITE complaints from government which make it appear as though Treasury did not receive meaningful remittances from diamond mining companies, it has emerged the fiscus got US$472 million from Mbada Diamonds in royalties, dividends and other taxes between 2010 and 2015. However, the money was largely diverted to fund salaries and recurrent expenditure at the […]

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