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Zimbabwe diamond fields 'plundered' by Mugabe cronies

Harare - According to a report released Monday, Zimbabwe President Robert Mugabe, his appointees, international gem dealers and criminals have enriched themselves in "the biggest plunder of diamonds since Cecil Rhodes," according to an AP report.

Zimbabwe cuts spending to 2012 budget, proposes major changes

Harare - Due to a paucity of diamond inflows and revenues, Zimbabwe Finance Minister Tendai Biti announced that the 2012 federal budget will consist of spending cuts by 10 percent as well as a jump in tax rates.

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