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designated” updated nationals list.
The list extends to any assumed names the companies might operate under, including Block Wood Mining and Condurango Investments.
Mbada Diamonds and Marange Resources both operate joint ventures with the Zimbabwe Mining Development Corporation, a State-owned company and private investors.
ZMDC was already on the OFAC list.
As part of its enforcement efforts, OFAC publishes a list of individuals and companies owned or controlled by, or acting on behalf of, targeted countries and lists individuals, groups and entities such as terrorists and narcotics traffickers designated under programmes that are not country specific.
US citizens are also prohibited from dealing with individuals or companies on the list.
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Zanu-PF secretary for information and publicity Cde Rugare Gumbo said the move was typical of the US and vowed that Zimbabwe will fight back.
“It is unfortunate; it is tragic and regrettable for the United States to behave that way. Kno-wing the US way of doing things, this does not come as a surprise,” said Cde Gumbo.
“But we will continue to fight back as we have fought before. Our indigenisation programme will not stop and we will continue to give our people the mining claims and do partnerships with those who want to work with us.
“There is nothing we can do but we are not perturbed. The sanctions are bitter but the KPCS came in favour of us. The US is doing this deliberately to suffocate the country’s economy in order to achieve its objective of regime change.”
ZMDC, which holds the 667-square-kilometre Marange concession area, selects joint venture partners to establish mines along a thriving small-scale sector.
Anjin, a joint venture between Chinese inve-stors and locals, which also operates in Mara-nge and was recently given the KP approval to export its rough diamonds, was not included on the updates OFAC sanctions list.
The illegal Western sanctions have been blamed for the economic challenges facing the country.
Online Reporter