TNT THURSDAY UPDATE ~ DECEMBER, 6, 2018 @THE_TNT_TEAM Good morning TNT. Things are moving faster than is being publicized. We received great news yesterday with more confirmation this morning and you will receive it all tomorrow. It’s a good day to review your action plan.
SouthernGuy: The conclusion of the meeting of the three presidencies and Saleh confirms the completion of the government formation
Pearle: Parliament has a meeting this weekend, I hope it means they are formed
Netglobal: I think if the cabinet was completed it would be announced all over dinarland….I am not expecting a resolution anythime soon unles Madhi takes over the defense and interior posts himself
RVAlready: I think Mahdi can simply appoint the positions. It has been done by previous PMs. Disagreeing parliament members will complain, but they had their chance to elect, and they failed. They know that they failed, and that action must be taken…..The disagreeing parties will continue to complain, but they failed in their duty to elect.
NetGlobal: RVA, if Madhi can simply appoint the positions that would solve the problem….Hopefully they will resolve this this week so we can move on the monatary reforms
Harambe: Reuters: Iraq needs two years to wean itself off Iranian gas: energy official https://reut.rs/2KZtV8z
Harambe: Bloomberg: Zimbabwe May Let Foreigners Own Majority Stakes in Diamond Mines
Zimbabwe’s government may allow foreign investors to hold controlling stakes in diamond mines on condition that part of their output is reserved for domestic downstream industries.
Removing a limit on foreign ownership would signal to investors that President Emmerson Mnangagwa is serious about his pledge to revive mining, which suffered years of decline under his predecessor Robert Mugabe. The government is targeting diamond production of 12 million carats by 2023, compared with a forecast of 3.5 million carats this year.
The state is considering waiving a requirement that diamond mines be 51 percent owned by domestic investors, Information Minister Mangaliso Ndlovu told reporters Tuesday in the capital, Harare. The southern Africa nation scrapped the rule for most mines last year, but kept the regulations in place for diamond and platinum producers.
“Government may waiver that local ownership threshold subject to a submission of satisfactory submissions and due diligence,” including that gems be submitted to the state-run Diamond Value Management Centre for clearing, sorting and valuation, Ndlovu said. Private companies must also reserve 10 percent of their gems for “local value addition,” he said.
Zimbabwe has two diamond-mining companies — Murowa Diamonds, a unit of RioZim Ltd., and the state-owned Zimbabwe Consolidated Diamond Mines. Zimbabwe’s Chamber of Mines, which represents most miners, has urged the government to relax ownership rules for PGM-metal and diamond mines in line with other minerals, citing the high cost of investment for most local producers.