Breaking News

China set to start mining Zimbabwe's uranium deposits

by Staff reporter
03 April 2013 | 6056 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

Should airtime and street vendors pay the $1 a day State levy?

Yes
11.65%
No
82.01%
Desperation
6.33%
884

Comments

News Updates

Email:

Latest News

Zanu-PF spokesperson questions Mugabe's sense of judgment - THE Zanu ...

by Staff Reporter | 02 September 2014 | 470 Views

President Mugabe's aide hits back - PRESIDENT Robert Mugabe's aide Ra...

by Staff Reporter | 02 September 2014 | 531 Views

Alick Macheso lose instruments in accident - Sungura king Alick Maches...

by Tawanda Marwizi | 02 September 2014 | 367 Views

16 escape death as beerhall collapses on them - ABOUT 16 patrons were ...

by Staff Reporter | 02 September 2014 | 449 Views

Woman drags bed-wetting hubby to court - A woman yesterday told the c...

by Prosper Dembedza | 02 September 2014 | 229 Views

MDC-T official up for attempted murder - MDC-T aspiring candidate for ...

by Munyaradzi Musiiwa | 02 September 2014 | 139 Views

Church robbers remanded in custody - Three men who allegedly broke int...

by Court Reporter | 02 September 2014 | 146 Views

Council installs surveillance cameras - Harare City Council is install...

by Staff reporter | 02 September 2014 | 217 Views

Baba Jukwa investigations, Cops to ropes in Google - Police investigat...

by Tendai Rupapa | 02 September 2014 | 243 Views

Mugabe promotes 194 prison officers - President Mugabe yesterday promo...

by Nyasha Weluzani and Heather Charema | 02 September 2014 | 178 Views

Zimbabwe vehicle population tops 1,2 million - The Zimbabwe National R...

by Farai Kuvirimirwa | 02 September 2014 | 296 Views

Cop's wife sets self, son, husband on fire - A policeman and his son w...

by Oswell Moyo | 02 September 2014 | 408 Views

Adulterous church leader who bedded nephew's wife to pay $10K - JOHA...

by Thandeka Moyo | 02 September 2014 | 341 Views

'Zanu-PF barty bigwigs pushing for regime change,' says Gumbo - Intern...

by Farirai Machivenyika | 02 September 2014 | 372 Views

MLF's Magagula and Mugabe can never be Leaders of a Diverse Country - ...

by Ryton Dzimiri | 01 September 2014 | 1672 Views

Jonathan Moyo, Obert Mpofu eye Zanu PF chairmanship - Zanu PF politbur...

by Staff Reporter | 01 September 2014 | 2267 Views

China was Mugabe's last chance to get ZimAsset funding he got nothing ...

by Wilbert Mukori, Secretary General Zimbabwe Social Democrats | 01 September 2014 | 2462 Views

Highlanders, Dynamos clash in TM-Pick'n'Pay challenge - A new sponsor ...

by Staff Reporter | 01 September 2014 | 1462 Views

Two more toll gates open

by Staff Reporter | 01 September 2014 | 4165 Views

'I am looking for Sidanile and Nkosilathi Nyathi' - WhatsApp update - ...

by Gervasio Tshuma | 01 September 2014 | 1234 Views

Shame on you! - We are living on precious time. The young Zimbabwean ...

by Tafadzwa Murwisi | 01 September 2014 | 3004 Views

Six injured in road accident - Pictures - Six people were reportedly i...

by Staff reporter | 01 September 2014 | 4018 Views

Song on MDC-T's call for donations - Video - Song on MDC-T's call for ...

by Youtube | 01 September 2014 | 1706 Views

'New Zimbabwe' by 2018 - The year is 2018 and the spotlight is on a sm...

by Obert Gutu | 01 September 2014 | 2988 Views

Mugabe raps Zanu-PF Harare leadership - President Robert Mugabe has sl...

by Staff reporter | 01 September 2014 | 1854 Views

Australia's shock one-day defeat to Zimbabwe raise alarm bells - Melbo...

by Reuters | 01 September 2014 | 1762 Views

Mthwakazi does not need sympathy from Zimbabweans - Editor,The recentl...

by David Magagula | 01 September 2014 | 2072 Views

Zimbabwe Chief Justice's offices burgled - Unknown people broke into C...

by Staff reporter | 01 September 2014 | 1856 Views

'I'm in control,' says Mugabe - President Robert Mugabe has stamped au...

by Staff reporter | 01 September 2014 | 4522 Views

'Mugabe's octopus grip on power has impoverished Zimbabwe' - MDC-T lea...

by Staff reporter | 01 September 2014 | 1506 Views

Entertainment

ZBC receives TV programmes from South Korea - The Korean Ambassador to...

by Staff Reporter | 29 August 2014 | 2229 Views

Roki cancels SA show

by Sophia Chese | 29 August 2014 | 1979 Views

Zimbabwe Got Talent on the cards - CHINESE Federation of Zimbabwe (CFZ...

by Staff reporter | 28 August 2014 | 1673 Views

Tuku to Deliver Inaugural Hugh Masekela Lecture

by Staff Reporter | 28 August 2014 | 2198 Views

Controversy over Bev's album - Newly-appointed Msasa Bricks Ambassador...

by Staff reporter | 27 August 2014 | 2664 Views

Viewers slam 'sub-standard' ZBCtv program - VARIOUS ZBCtv viewers have...

by Staff reporter | 27 August 2014 | 2578 Views

John Legend cancels Zimbabwe show

by Showbiz Reporter | 27 August 2014 | 4901 Views

Macheso's yet to be released album sold on Harare streets - Pirates ha...

by Staff reporter | 26 August 2014 | 3899 Views