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Mugabe Decries Mining company (threatens seizure)

WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.

Original Post Date: 2002-07-03  Posted By: Jan

From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 7/3/2002 1:06:50 AM
Mugabe Decries Mining company (threatens seizure)

Note: The following story is a clear illustration of Marxism in action. Mugabe caused all the problems but he blames everyone – the farmers, and now National Foods – and he threatens action against them. (Jan)

HARARE, Zimbabwe (AP) – President Robert Mugabe has accused mining giant Anglo-American Corp. of hoarding salt amid Zimbabwe’s hunger crisis and threatened to seize the company’s local assets, state media reported Sunday.

Mugabe said his government “will not tolerate companies bent on causing unnecessary suffering to the people by creating unnecessary shortages,” state radio reported.

The radio said ruling party officials last week found 2,000 metric tons (2,200 tons) of salt in warehouses belonging to National Foods, a company partially owned by Anglo Zimbabwe, a subsidiary of London-based Anglo American.

A National Foods executive said the salt had not been put on the market because it had been imported from neighboring Botswana at the parallel exchange rate of 300 Zimbabwean dollars to the U.S. dollar.

At that rate, nearly six times the government’s fixed exchange rate, the company would take a huge loss if it sold the salt at the market price set by the government, the official said, speaking on condition of anonymity. The company had been negotiating with government officials to find a compromise price for the salt.

In a speech to ruling party officials Friday, Mugabe attacked National Foods, which he described as “an Anglo American company of Nicky Oppenheimer,” the chairman of the mining giant.

“They have been hoarding salt. … They want people on the streets against our government. What kind of mischief is this?” he said, according to the state-owned Sunday Mail. “We will take over their enterprises.”

Officials from Anglo Zimbabwe, which owns 34 percent of National Foods, could not immediately be reached for comment.

In the 1990s, Anglo Zimbabwe sold off most of its industrial and agricultural investments in Zimbabwe, but retained some mining interests.

More than 6 million Zimbabweans, about half the population, are in danger of starvation after a drought and government seizures of white-owned commercial farms nearly destroyed this year’s grain harvest, according to the United Nations.

The country is running out of corn and wheat, and its supplies of cooking oil and salt are dwindling.

URL: http://story.news.yahoo.com/news?tmpl=story&u…br>