Mugabe eager to nationalize Zimbabwe's diamond industry

CPO Tim Dickey its all about money and this statement has ramifications. Experts say that the latest move by Mugabe’s government could further dim Zimbabwe’s reputation, and make it a more risky investment destination.
“Zimbabwe is a known, risky jurisdiction to operate in,” John Turner, head of the mining group at law firm Fasken Martineau told Reuters. Mugabe’s plans now may give private companies a pause for thought, he added.

Agree with SFC Davis...it's about the money and corrupt governmental control over resources. This will only enrich the powerbroker (Mugabe) and his cronies. This is an overly simplified response, however, look at what happened in Saudi Arabia after they nationalized the oil industry, stealing it from Western businesses. It solidified the family in power without question. What happens to the oil industry and market will have a profound impact on the royal family, that's why they have been working to undermine the U.S. fracking industry by dropping oil prices significantly...the U.S. industry infrastructure is not fully developed and is expensive to continue to operate. This presents certain overhead costs that the Saudis don't have to deal with in their fully developed oil industry..the Saudis know this and are trying to sink the fracking industry before it can get out from under those developmental costs. Thus, they are driving oil prices down (enjoying your lower gas prices over the past year?) to make the fracking industry less competitive. The Saudi industry can afford this for awhile. The newly developing U.S. industry cannot. Keep an eye on this one in the future.

Back to the diamonds, though....it's about power, money, and the ability to wield influence.

Socialist