Diamond Investing

China Wants Marange Gems, Zimbabwe Platinum

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Investing News Network • February 4, 2011

Bloomberg.com reports that China is offering Zimbabwe $3bln in order to gain control over key platinum mines and diamond fields.

The story is quoted as saying:

Export-Import Bank of China has proposed lending Zimbabwe $3 billion in exchange for control over the revenue of gems from the Marange diamond fields and 30 million ounces of platinum reserves, the Zimbabwe Independent reported, citing government documents that it obtained

To access the full story, click here.

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