Military Coup Reportedly Under Way In Zimbabwe

 

Zimbabwe is on edge amid speculation that a military coup is in progress, with army tanks seen outside the capital a day after the army commander threatened to “step in” to calm political tensions over the president’s firing of his vice president. The Associated Press said it saw three tanks with several soldiers in a convoy on a road heading toward an army barracks just outside the capital, Harare, while Reuters reported that four tanks were seen heading toward the capital.

According to Reuters, two other tanks were seen parked beside the main road from Harare to Chinhoyi, about 20km from the city. Eyewitnesses also saw military vehicles blocking major roads outside the city. Continue reading

Russians start $3bn mine in Zimbabwe

The good news for Zimbabwe is that Russian investors have started a new $3 billion (R33bn) platinum mine about 50km north-west of Harare. Russian Foreign Minister Sergey Lavrov and Zimbabwe’s President Robert Mugabe turned the first sod yesterday.

The bad news for Zimbabwe is that a South African mining firm, which believed it had a licence to extract platinum nearby, and invested millions prospecting and producing a feasibility study, and was then kicked off its claim, last week won an order to seize all Zimbabwe’s diamonds sold in Antwerp over the past 10 days.

Lavrov and Mugabe launched the joint venture to develop the Zimbabwean deposit of platinum group metals in the Darwendale district. The mine was targeting production of 250 000 ounces annually within three years, the Zimbabwean ministry of mines said. Continue reading

Zimbabwe in ‘arms for uranium’ pact with North Korea

President Robert Mugabe’s military henchmen have reportedly signed an arms trade agreement worth millions of dollars with North Korea, in return for allowing Pyongyang access to Zimbabwe’s controversial Kanyemba district, which has sparked a uranium mining race pitting Iran and other powers, Nehanda Radio has been told.

Kanyemba district is about 160 miles north of the capital, and is believed to be holding significant uranium reserves, first discovered in the 1970s by German prospectors, but never exploited due to low world prices at the time. Continue reading