[Federal Register Volume 76, Number 242 (Friday, December 16, 2011)]
[Notices]
[Pages 78335-78336]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-32321]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Identification of Additional Entities Pursuant to Executive Order 
13469

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(``OFAC'') is publishing the names of two entities that have been 
identified as entities in which the Zimbabwe Mining Development 
Corporation, a person whose property and interests in property are 
blocked pursuant to Executive Order 13469 of July 25, 2008,

[[Page 78336]]

``Blocking Property of Additional Persons Undermining Democratic 
Processes or Institutions in Zimbabwe,'' owns, directly or indirectly, 
a 50 percent or greater interest. Therefore, all property and interests 
in property of such entities are blocked.

DATES: The identification by the Director of OFAC of the two entities 
named in this notice, pursuant to Executive Order 13469 of July 25, 
2008, is effective December 9, 2011.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Sanctions 
Compliance and Evaluation, Office of Foreign Assets Control, Department 
of the Treasury, Washington, DC 20220, Tel.: (202) 622-2490.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (http://www.treas.gov/ofac) or via 
facsimile through a 24-hour fax-on-demand service, Tel.: (202) 622-
0077.

Background

    On July 25, 2008, the President issued Executive Order 13469 with 
respect to Zimbabwe pursuant to, inter alia, the International 
Emergency Economic Powers Act (50 U.S.C. 1701-06). In the Order, the 
President took additional steps with respect to the national emergency 
declared in Executive Order 13288 of March 6, 2003, and relied upon for 
additional steps taken in Executive Order 13391 of November 22, 2005, 
in order to address the continued political repression and the 
undermining of democratic processes and institutions in Zimbabwe.
    Section 1 of the Order blocks, with certain exceptions, all 
property, and interests in property, that are in, or hereafter come 
within, the United States or the possession or control of United States 
persons for persons determined by the Director of OFAC, after 
consultation with the Secretary of State, to satisfy any of the 
criteria set forth in subparagraphs (a)(i) through (a)(viii) of Section 
1.
    On December 9, 2011, the Director of OFAC identified two entities 
in which the Zimbabwe Mining Development Corporation, an entity whose 
property and interests in property are blocked pursuant to Executive 
Order 13469, owns, directly or indirectly, a 50 percent or greater 
interest. Therefore, all property and interests in property of such 
entities are blocked.
    The list of blocked entities is as follows:

Entities

     Marange Resources (Private) Limited (a.k.a. Marange 
Resources; a.k.a. Marange Resources Ltd; a.k.a. Block Wood Mining), 
MMCZ Building, 90 Mutare Road, Harare, Zimbabwe; P.O. Box 4101, 
Harare, Zimbabwe; [Zimbabwe].
     Mbada Diamonds (Private) Limited (a.k.a. Mbada Diamond 
Mining; a.k.a. Mbada Diamonds; a.k.a. Mbada; a.k.a. Condurango 
Investments Pvt Ltd; a.k.a. Condurango), New Office Park, Block C, 
Sam Levy's Village, Borrowdale, Harare, Zimbabwe; P.O. Box CY1342, 
Causeway, Harare, Zimbabwe; [Zimbabwe].

    Dated: December 9, 2011.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2011-32321 Filed 12-15-11; 8:45 am]
BILLING CODE 4810-AL-P