Mugabe Targets Zimbabwe Mines

by jordan | June 27, 2007 at 07:02 am

292 views | 0 Recommendations | 0 comments

Apparently not grasping the concept of inflation, Zimbabwe's president threatened the mining industry:

Zimbabwe President Robert Mugabe threatened on Wednesday to seize mining firms and other companies if they persist with "dirty tricks" and keep raising prices in the face of rampant inflation.

"This nonsense of price escalations must come to an end," the 83-year-old head of state told mourners at the burial in Harare of Paul Armstrong Gunda, a hero of Zimbabwe's independence movement.

"Those who are in construction and suppliers, take note. We are following you. It's not going to be an easy game. It's going to be a rough one. We will never allow ourselves to be defeated by these British tactics."

"We have resources in our country. We have mines that are producing ... The companies must straighten their ways because those in gold mining are externalising gold."

Mugabe added: "We are going to arrest them and seize the mines if they go wrong. Take note. We will nationalise them if they continue with their dirty tricks."

This is, however, more likely an attempt to further consolidate government control over Zim's national resources: after all, Mugabe's government grabbed massive tracts of land under the guise of "taking Zimbabwe's land back from the British", and now the government holds the land and the former workers are destitute. Nature is taking its course: Zimbabwe's government continues to strangle its own economy, and the Zimbabwe dollar continues to devalue.

0 See all footage | View Slideshow

Share: email story | add to any | | facebook | stumbleupon