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: 2007-02-27 Time: 00:00:00 Posted By: Jan
Zimbabwe Standard (Harare)
February 25, 2007
Posted to the web February 26, 2007
Our Staff
RECENT media reports alleging diamonds were being smuggled into South Africa in breach of the Kimberley Process are part of a concerted campaign that seeks to tarnish the image of the country, River Ranch Diamond Mine has said.
In accusing the principal shareholders of Bubye Minerals, who dispute that River Ranch is the rightful holder of Special Grant 1278, River Ranch said the objective of the media campaign is to create the impression that “they are the major shareholders of River Ranch and have a legal right to the Special Grant”.
River Ranch, in refuting allegations of smuggling, said while the mine has been working since 20 June 2006, all its diamonds have been recovered.
In a rebuttal, it said: “All stones recovered are recorded and a monthly return is submitted to the Mining Commissioner, Masvingo. Fully automated state-of-the-art surveillance equipment is in operation 24 hours a day at the mine. All operations are recorded.
“The complex is fully compliant with Kimberley Process Requirements. No diamonds can be removed from the mine without such removal being authorised and recorded. River Ranch has not sold or attempted to sell any diamonds so far recovered. All sales will be conducted through the Minerals Marketing Corporation of Zimbabwe.
“It is strongly denied that any diamonds from the Mine have been taken to RSA. The diamonds produced by River Ranch are from a duly registered claim which it lawfully owns and, when sold, will be accompanied by a Certificate of Origin as required by the Kimberley Certification Scheme.”
River Ranch said the contents of the two affidavits were false. For example, Lloyd Dass, the security manager at the mine, drove a car (registration AAQ9041) to South Africa; it was stolen in Johannesburg on 26 October 2006 and not on 10 November.
“Dass could not have been driving it on 10 November as alleged,” River Ranch said. “Furthermore Mr Munashe Shava, the mine manager went to RSA on 13 November, not 10 November. He did not travel in convoy with Mr Dass. Clearly the intention is to tarnish the image of River Ranch and its management and of Zimbabwe by alleging that diamonds are being smuggled out of the country and that the Kimberley Process Certification is being flouted.”
The mining company said it would welcome a visit by members of the Kimberley Process Certification Committee so that they could see the measures taken at the mine to ensure proper records are kept and certification of every diamond that is recovered.
River Ranch said the continued reference to Retired General Solomon Mujuru as the owner of the mine was an attempt to establish that although the law was on their side (the principal shareholders of Bubye Minerals, the Farquhars); political clout is preventing them from enjoying their rights.
On the shareholding of the mine, River Ranch said the shareholders were two external companies, Cornerstone and Sedna.
“Mr A Aujan, through his nominees, now owns the shares of Cornerstone and Sedna. In 1999, when River Ranch was in voluntary liquidation, the Farquhars approached his representative in Harare and asked if he would buy the shares of Cornerstone and Sedna.
“They said that when they acquired the money, they would repay him and, in return he would be given 25% of the shares in each of the two companies and 25% of the shares in Bubye Minerals (Pvt) Ltd. Mr Aujan agreed and he purchased the shares of the two companies.”
River Ranch said instead of repaying Mr Aujan what he had paid for the shares: “The Farquhars then approached him on seven occasions seeking loans. Their borrowings totalled approximately US$1.5million. As a result of the loans, his stake in the three companies was to be increased to 30%.
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“By 2004 the Farquhars had not offered to repay Mr Aujan what he had paid for the shares and they had defaulted in the agreements they had entered into with regard to the money they had borrowed from his companies.”
River Ranch said at that point Aujan realised that the Farquhars were not going to repay him. He then injected about US$2,5 million, arguing the only way he could recover his investment was for the mine to be resuscitated so that diamonds could be mined. He then terminated their management agreement in 2004 and River Ranch resumed occupation of the mine.
Twenty percent of the shares in River Ranch have been acquired by Kupikile Resources, the local indigenous investor with Mujuru and Tirivanhu Mudariki as the shareholders.
Source: All Africa
URL: http://allafrica.com/stories/200702260116.htm…br>
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