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Zimbabwe diamonds backing country’s secret police — report

By analyst By Cecilia Jamasmie Zimbabwe’s ruling elite is using funds coming from diamond exports to finance its Central Intelligence Organization (CIO), accused of several human-rights abuses while helping President Robert Mugabe to remain in power for decades, a report shows. According to anticorruption campaign group Global Witness, the country’s diamonds are channelled through Dubai,

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Eldorado Gold to halt all operations in Greece

By analyst By Cecilia Jamasmie Canada’s Eldorado Gold’s (TSX:ELD)(NYSE:EGO), Greece’s biggest foreign investor, has decided to suspend all operations in the country due to government delays in issuing permits for Skouries and Olympias, two of the company’s key projects. Chief executive George Burns said in the statement the company was “unable to continue investing” in

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Petra Diamonds shares crater after Tanzania seizes $15 million shipment

By analyst By Cecilia Jamasmie Shares in Petra Diamonds (LON:PDL) nosedived Monday after the company confirmed the Tanzanian government had seized a parcel of gems worth about $15 million, as part of an ongoing probe into alleged wrongdoing in the diamond and tanzanite sectors. The company, known for some major recent findings, said it also

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