Breaking News

China set to start mining Zimbabwe's uranium deposits

by Staff reporter
03 April 2013 | 6298 Views
China has been granted "special mining rights" to mine some of Zimbabwe's uranium deposits by the winding up unity government, in exchange for the Asian giant building a nuclear power plant for electricity and providing military hardware.

Zimbabwe is targeting to make use of domestic nuclear energy by 2020, thereby necessitating the overtures with China, in which President Robert Mugabe and a coterie of his military strongmen are said to be interested parties, sources from the energy and power development ministry have said.

According to a report on the mining sector penciled in 2012 , believed to have been prepared for cabinet deliberations by mines minister Obert Mpofu, China will now have the rights to mine a slice of the uranium deposits found in the Kanyemba district, which is about 150 miles north of Harare.

Zimbabwe's uranium deposits were first discovered by German prospectors in the 1980s but remained virgin due to low world prices, and inconclusive feasibility studies of the mineral.

"China has received the special rights to mine uranium and diamonds,which have become strategic national minerals," reads part of the report.

"They are considering to operate up to 60 percent of uranium claims in the Kanyemba area, and have indicated that they have technical capacity for the operations. Moves by the ministry to draft a law regime for miners to refine raw materials inside the country, presents the possibility of uranium processing inland for nuclear energy purposes in the not so distant future."

Beijing's planned foot-hold on the country's uranium deposits has the blessing of securocrats who appear to have arm-twisted government into submission on the issue, and are determined to shape increasingly militarized foreign relations with China.

A Chinese firm, already registered in Zimbabwe, China Uranium Corporation (CUC) is said to be partnering with Zimbabwe's Mining Development Corporation (ZMDC) on the project, although it is also not clear which other Chinese companies will take up the nuclear power plant plan if it receives the nod from cabinet.

The uranium mining project failed to take off earlier because the rights had not yet been awarded, although a deal had been sealed but busted after, British bank Standard Chartered cited EU and US sanctions against ZMDC thereby failing to facilitate the joint venture.

Deputy mines minister, Gift Chimanikire of the MDC-T, recently told a local online news website that China was welcome to resume uranium mining and the thrust was for the mineral to benefit local blacks according to the country's contentious indigenisation laws.




"Yes China are welcome," said Chimanikire.

"Government is in fact planning to explore our uranium reserves at a massive scale, through partnering foreign investors and the private sector, but the indigenisation law of 51 percent ownership by local Zimbabweans must be observed. Chinese companies together with other investors can help us to determine the quantity and commercial value of the uranium, but the country must benefit from it," added Chimanikire.

Uranium

Source: nerandaradio

Could there be war if Grace Mugabe becomes President?

Yes
75.61%
No
8.94%
Who cares?
15.45%
246

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Obert Mpofu's newspaper struggles to pay salaries - A NEWSPAPER owned ...

by Staff Reporter | 23 October 2014 | 14 Views

Grace Mugabe summons war veterans - FIRST Lady Grace Mugabe has report...

by Staff reporter | 23 October 2014 | 49 Views

'Grace Mugabe must stop attacking journalists in public' - Local media...

by Staff reporter | 23 October 2014 | 51 Views

Mugabe chickens out, defers politburo again - PRESIDENT Robert Mugabe ...

by Staff reporter | 23 October 2014 | 133 Views

Man axes uncle, hangs himself - A BINGA man allegedly axed his uncle t...

by Staff reporter | 23 October 2014 | 113 Views

Man hangs self for 'impregnating a cousin' - A 22-YEAR-OLD man from Zh...

by Staff reporter | 23 October 2014 | 219 Views

'Mugabe plotting a dynasty' - MAVAMBO/KUSILE/DAWN (MKD) leader Simba M...

by Staff reporter | 23 October 2014 | 164 Views

Delta explains disgusting Ndebele boob - DELTA BEVERAGES yesterday sai...

by Staff reporter | 23 October 2014 | 255 Views

Bulawayo lawyer on the run - A MAN from Waterford in Bulawayo has file...

by Staff reporter | 23 October 2014 | 236 Views

Morgan Tsvangirai visits Moyo after horrific car accident - MDC-T nati...

by Staff Reporter | 23 October 2014 | 626 Views

The End of Mugabe and Mujuru, rise of Mnangagwa

by Itai Mushekwe | 23 October 2014 | 4193 Views

Macheso 'infected' husband with STI just before wedding day

by Staff Reporter | 23 October 2014 | 3515 Views

Mnangagwa escapes death by a whisker

by Staff Reporter | 23 October 2014 | 4283 Views

Woman launches new political party - A NEW political party, the Afric...

by Staff Reporter | 22 October 2014 | 2593 Views

Tillage starts at a slow pace

by Staff Reporter | 22 October 2014 | 1049 Views

Salaries dominate govt expenditure - Public sector salaries continue t...

by Staff Reporter | 22 October 2014 | 1705 Views

Gun shot in Canada parliament building - Video

by Staff Reporter | 22 October 2014 | 1410 Views

Veld fires kill nine people

by Staff Reporter | 22 October 2014 | 1872 Views

Man threatens to kill dad over money from rent - A disobedient son wen...

by Staff Reporter | 22 October 2014 | 1972 Views

Dr Simba Makoni Leave Dr Grace Mugabe Alone

by Suitable Kajau | 22 October 2014 | 4654 Views

Msipa demanding answers from Mugabe - HARARE - Respected Zanu PF elder...

by Staff Reporter | 22 October 2014 | 4873 Views

'Grace Mugabe a liar' - HARARE - Opposition leader Simba Makoni has br...

by Staff Reporter | 22 October 2014 | 3129 Views

State must have nothing to fear - Dzamara - Over 150 people today turn...

by Itai Dzamara | 22 October 2014 | 2745 Views

'I saw a vision of me ruling the heavenly kingdom' says Grace Mugabe

by Staff Reporter | 22 October 2014 | 4779 Views

Woman says she steals for a living, Magistrate left speechless

by Leonard Ncube | 22 October 2014 | 2757 Views

Cyclist kills pedestrian - A cyclist has been fined $400 for hitting a...

by Staff Reporter | 22 October 2014 | 1629 Views

Mother of Pistorius's girlfriend insists she did not want 'revenge'

by Staff Reporter | 22 October 2014 | 1833 Views

Uniting the Ndebele People - The Mzilikazi Cultural Association, MCA i...

by Mzilikazi Cultural Association | 22 October 2014 | 1627 Views

'Insecure' man locks wife in bedroom until he returns from work

by Staff Reporter | 22 October 2014 | 3886 Views

Entertainment

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

by Staff reporter | 20 October 2014 | 2368 Views

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

by Staff reporter | 20 October 2014 | 4659 Views

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

by Staff reporter | 19 October 2014 | 1351 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 2340 Views

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

by Staff Reporter | 17 October 2014 | 1657 Views

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

by Staff reporter | 16 October 2014 | 1892 Views

Grace Mugabe honoured in song - Dancehall outfit Final Warning has rel...

by Tawanda Marwizi | 15 October 2014 | 2365 Views

US firm makes money off Zimbabwe concept - United States transport sh...

by Staff reporter | 14 October 2014 | 2964 Views
iBlog

Protect Your Greatest Small Business Asset: Time

if your work week is way more than 40 hours, your smartphone is glued to your hand, and your to-do list is multiple pages of overdue tasks—you know how valuable every minute of your time is.your smartphone and tablet make doing business from anyw... Read More
Sergey 05 September 2014 ago

Yet Another Wave Of Digital Destruction Is Coming

Malware fever keeps on raging, taking sophisticated forms to wreak havoc around the worldwide web. even if your system is guarded thoroughly, you are still skating on thin ice, so you should better keep your eyes open and think twice before you make ... Read More
SecNews 02 March 2014 ago