abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

22 Feb 2016

Author:
Lloyd Gumbo, The Herald (Zimbabwe)

Govt. takes over diamond mining companies, gives them 90 days to wind up

See all tags

"Diamond firms get 90 days to wind up", 23 Feb 2016

The Zimbabwean Government] has given diamond mining companies in Chiadzwa and Chimanimani 90 days to remove their equipment and other valuables from the mines after it stopped their operations…The firms whose mining special grants expired and were not renewed will, however, be expected to hand over all diamond products to Government personnel…[The firms are] Anjin [joint venture Anhui Foreign Economic Construction & ZMDC], Diamond Mining Corporation, Jinan, Mbada Diamonds [joint venture New Reclamation Group/Grandwell & ZMDC], DTZ Ozgeo, Rera, Gye-Nyame, Kusena and Marange Resources. Mines and Mining Development Minister Walter Chidhakwa…said Government decided to consolidated all diamond mining in Zimbabwe into one company- Zimbabwe Consolidated Diamond Mining Company [ZCDMC]…

Timeline