Breaking News

UK strikes deal for Marange diamonds to return to the EU markets

by Staff Reporter
17 February 2013 | 4861 Views
Reports from Brussels, Belgium suggest that the United Kingdom has struck a deal with Belgium on the need for Marange diamonds to return to the European Union markets.

According to the reports, Belgian Foreign Minister Didier Reynders and Britain's William Hague clinched the deal on the 14th of February and there are expectations that other EU countries will follow suit when the grouping convene on Monday in Brussels for a meeting on foreign policy.

The compromise is set to see the country's mining arm Zimbabwe Mining Development Corporation (ZMDC) being struck off from the EU blacklist.

Belgium had earlier expressed its displeasure with the existence of the sanctions on diamond mining firms which had a negative impact on the EU member country's diamond industry.

Due to the unjustified EU sanctions, Zimbabwe was forced to sell its diamonds at a discount, thereby losing millions of dollars in potential revenue.




However, it appears the EU might retain other sanctions on Zimbabwe when the bloc sets to review them.

Zimbabwe has always contended that the sanctions are illegal and unjustified.

Marange diamonds

Source: zbc

Could there be war if Grace Mugabe becomes President?

Yes
75.07%
No
8.88%
Who cares?
16.05%
349

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Zanu-PF official embroiled in sex scandal, including raping girl (9) -...

by Staff Reporter | 24 October 2014 | 1242 Views

No meaningful devolution without fiscal autonomy - The ZAPU devolution...

by Themba Mthethwa | 24 October 2014 | 649 Views

Open letter to Grace Mugabe - I AM sure you don't know me at all, bei...

by GP Ndlovu | 24 October 2014 | 5450 Views

Eziko Theatre Laboratory - WhatsApp update

by Byo Residents | 24 October 2014 | 1644 Views

'Mujuru's US ties behind fallout with Mugabe' - VICE-PRESIDENT Joice M...

by Staff reporter | 24 October 2014 | 6871 Views

Maid steals from dead employer - A MAID who had an affair with her la...

by Thubelihle Mabhena | 24 October 2014 | 4410 Views

'Joice Mujuru is corrupt and incompetent,' says Grace Mugabe - The Fir...

by Farirai Machivenyika and Felex Share | 24 October 2014 | 2879 Views

Makoni, leave Grace Mugabe alone - The First Lady is a natural pick by...

by Suitable Kajau | 24 October 2014 | 4196 Views

Man rapes donkey - A Tsholotsho teenager was arrested by after village...

by Staff Reporter | 24 October 2014 | 2979 Views

Prisoner admits to sodomising inmate - A 31 year old inmate at Khami M...

by Staff reporter | 24 October 2014 | 3364 Views

Sangoma (72) rapes minor - A 72 year old traditional healer allegedly ...

by Staff reporter | 24 October 2014 | 2642 Views

Tsvangirai faces eviction from Highlands' mansion - MDC-T leader Morga...

by Staff reporter | 24 October 2014 | 6024 Views

MDC factions headed for a clash - The two MDC formations that currentl...

by Staff reporter | 24 October 2014 | 3015 Views

'Mujuru's political future in Mugabe's hands' - Vice-President Joice M...

by Staff reporter | 24 October 2014 | 5226 Views

Grace Mugabe admits elevating Mujuru - First Lady Grace Mugabe yesterd...

by Staff reporter | 24 October 2014 | 2829 Views

Mugabe refuses to ditch Parly colonial bling - President Robert Mugabe...

by Staff reporter | 24 October 2014 | 2819 Views

Karikoga Kaseke sabotages Dr Grace Mugabe rally - Zimbabwe Tourism Aut...

by Staff reporter | 24 October 2014 | 4277 Views

Mujuru hit by phony cyber campaign - The Zanu-PF propaganda wars and m...

by Staff reporter | 24 October 2014 | 4056 Views

Zanu-PF's team Gamatox vs Team Zvipfukuto - Line-ups - As President R...

by Staff reporter | 24 October 2014 | 5958 Views

Robert Mugabe faces internal revolt - PRESIDENT Robert Mugabe is facin...

by Staff reporter | 24 October 2014 | 4660 Views

Grace Mugabe's War Vets speech - Video - https://www.youtube.com/wat...

by Staff Reporter | 24 October 2014 | 2659 Views

Victory and Going to Top Gears - Itai Dzamara - Victory and Going to T...

by Itai Dzamara | 24 October 2014 | 2588 Views

I salute you Cde Grace! - Dear Editor, I salute you cde Grace!I would ...

by Denford Madenyika (Denny) | 24 October 2014 | 3837 Views

Man in court for stealing friend's salary - A 26-year-old man stole hi...

by Staff Reporter | 24 October 2014 | 2717 Views

What did Grace Mugabe say to the War Vets? Word for word speech

by Staff Reporter | 24 October 2014 | 5067 Views

Mphoko distanced himself from land wrangle - ZIMBABWE'S former ambassa...

by Mashudu Netsianda | 24 October 2014 | 1616 Views

Crunch Zanu-PF Politburo meeting on today - THE crunch Zanu-PF Politbu...

by Staff reporter | 24 October 2014 | 2773 Views

EU hints on scrapping of sanctions against Zimbabwe - New British Amba...

by Lloyd Gumbo | 24 October 2014 | 1939 Views

'Mujuru owns 10% of Daily News,' says Grace Mugabe

by Staff reporter | 24 October 2014 | 4106 Views

Entertainment

Carl Joshua Ncube to star in game show - Comedian Carl Joshua Ncube wi...

by Staff reporter | 23 October 2014 | 830 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 1990 Views

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 2818 Views

Grace Mugabe's political comedy takes ZTV hostage - For the past two w...

by Staff reporter | 20 October 2014 | 5216 Views

Oliver Mtukudzi to deliver lecture at Musica 2014 - Zimbabwe's interna...

by Staff reporter | 19 October 2014 | 1563 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 2732 Views

Matebeleland Music & Arts Festival - Sivala umnyaka ngengoma lapho sit...

by Staff Reporter | 17 October 2014 | 1814 Views

Obediah Matulana releases Christmas DVD - Bulawayo-based musician Obed...

by Staff reporter | 16 October 2014 | 2119 Views
iBlog

Those Behind Tb Joshua Watch Photo Proof!

when this couple (dave and angie) were indicted of being the masterminds behind tb joshua watch, the blog admins refuted it and denied any sort of connections with the couple, but that’s not what the facts portray as precisely every single one ... Read More
pointblank 13 July 2014 ago

Advanced Systemcare Free To Optimize The Os Still Support Xp

the update systemcare free 7.3.0.456 (a set of tools to optimize the operating system) – now available.advanced systemcare is a free package to optimize, tweak, fix bugs and improve the overall performance of the operating system.the program anal... Read More
ITnews 02 June 2014 ago