They say the merger may further complicate the fulfillment of promises made when companies started mining diamonds in this eastern part of the country. ... Zimbabwe Africa USA World. Live Talk Live Talk TV Live Talk. Studio 7 Indaba zesiNdebele Ekuseni Indaba zesiNdebele Nhau dzeShona Mangwanani Nhau dzeShona.
ZIMBABWE - At least one of the diamond miners that saw their licences revoked and were asked to leave Zimbabwe earlier this week because their licences had expired, is planning to sue the African nation's government for breach of contract. Zimbabwe's Diamond Mining Company's (DMC) manager Ramzi Malik said the firm's …
The Zimbabwean government said Thursday it will merge six mining firms in eastern Marange diamond fields into a single entity where the government will be the majority shareholder with 50 percent.
The move is a welcome boost to the southern African nation's attempts to expand diamond mining revenues. Zimbabwe first began allowing foreign companies to dig up precious stones in 2018 ...
London-listed Vast Resources will next week sign an agreement with Zimbabwe's state diamond mining firm to prospect and mine diamonds in the east of the country, the mines minister and a company ...
A number of companies have expressed reservation about the move citing the different investment levels made into the companies. Speaking at the Zimbabwe Mining and Infrastructure Indaba 2015, Chidhakwa said government was not going back on the plan to merge diamond producers in line with rules and policies it has set. ...
Merger would bring in more transparency and accountability in the sector — would enable miners to extract kimberlite diamonds, which are capital intensive. …
Mines Minister Winston Chitando said Vast had formed a company, Katanga Mining Pvt Ltd, with the community in the eastern Chiadzwa diamond fields.
Zimbabwe announced that it is planning to merge all diamond mining companies, including the local unit of Rio Tinto, into one big firm in which the state will own half of the shares, the minister of mines said on March 12. President Robert Mugabe's government is pursuing a black economic empowerment program, known locally as …
Diamond; Zinc; Platinum; Palladium ... Europe; Asia; TNM Maps; TNM Marco Polo; Zimbabwe's top diamond mining firms agree to merge. Cecilia …
The government is pushing through a policy to merge all diamond mining firms in the country. ... Mugabe closed the operations after the investors failed to agree to be bundled into a single state diamond mining company. ... "The involvement of South African companies in Zimbabwe's diamond mining industry has never been clear …
Catalog; For You; The Zimbabwe Independent. Tension as bigwigs resist diamond mergers - OWEN GAGARE . TENSIONS are mounting in Zimbabwe's diamond industry with top government officials behind the country's major diamond mining companies reluctant to comply with Mines minister Walter …
Zimbabwe says to merge all diamond mines under one company | Financial News
The world's top diamond producer by output, is returning to Zimbabwe after almost two years, as the company continues to expand beyond Russia. Russia's Alrosa back to mining diamonds in ...
Zimbabwe's biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen. Zimbabwe Consolidated Diamond Co. has auctioned 4-million carats of stones so far this year in the emirate, up from 850 000 ct for the whole of 2022. The state-owned miner is targeting …
Zimbabwe: Diamond Mining Firms to Merge. 20 February 2014. Financial Gazette (Harare) ... Indications are that Mbada Diamonds, a hugely philanthropic diamond mining firm in Chiadzwa, could be ...
Mining is one of Zimbabwe's largest foreign currency earners, contributing more than 60% of the forex earnings. It also constitutes about 15% of gross domestic product (GDP), between 8 to 12% of government revenue and more than 500 000 formal jobs, according government reports. But sadly, the sector is currently facing a plethora of …
Mining companies to merge. 21 Sep, 2014 - 06:09 T15:14:44+00:00 T06 ... Mining companies at the Chiadzwa diamond fields will merge next month under a two-phased programme that will optimise earnings by cutting the long chain of players extracting stones there. ... Though the Chiadzwa firms all …
Reuters reported that Zimbabwe plans to merge all the diamond mining companies in the country into one large firm that will be half owned by the state. That …
Kuvimba Mining House (KMH), owned by Zimbabwe's Mutapa Investment Fund, has partnered with Chinese firms Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. to develop the Sandawana lithium project. By Rudairo Mapuranga. Notably, the two Chinese companies will not hold equity in the project but will transfer …
In a video posted on the Information Ministry official Twitter page on Tuesday, Chitando told reporters that cabinet had adopted a new diamond policy that would see two more private companies being allowed to explore and mine diamonds.
Zimbabwe's diamond industry will soon be controlled by one firm as the country's major diamond mining companies have …
Resources firm Rio Tinto has exited Zimbabwe following controversial government plans to merge all diamond mining companies into a state-owned corporation.
The government on Feb 22 evicted all diamond mining firms in the Marange fields in eastern Zimbabwe saying their licences had expired and after they declined to Zimbabwe state diamond miner produces 500,000 carats since March launch - …
By MacDonald Dzirutwe HARARE (Reuters) - Zimbabwe is planning to merge all diamond mining companies, including the local unit of Rio Tinto, into one big firm in which the state will own half of ...
via Tension as bigwigs resist diamond mergers – The Zimbabwe Independent January 23, 2015. TENSIONS are mounting in Zimbabwe's diamond industry with top government officials behind the country's major diamond mining companies reluctant to comply with Mines minister Walter Chidhakwa's move to merge the firms in an effort to bring about …
Zimbabwe wants to merge all diamond mining firms in the country, including the local unit of Rio Tinto, into one company in which the state will own just over half of the shares, the country's minister of mines said in parliament. The government announced previously that it aims to merge some of the diamond companies operating in the Marange area, …
The company resumed mining operations in February last year and produced 247,051.7 carats of rough diamonds in the four months up to May last year, …
Zimbabwe is planning to merge all diamond mining companies, including the local unit of Rio Tinto, into one big firm in which the state will own half of the shares, …
Zimbabwe has announced plans to consolidate all diamond mining companies, including Rio Tinto's Murowa diamond mine. Zimbabwe Mines Minister Walter Chidhakwa told Reuters that the companies will be merged into one big firm, which the state will own 50% of the shares in.
The diamond mining firms which operated at Chiadzwa for many years did not benefit the country and at one time, President Mugabe bemoaned the prejudice of $15 billion in revenue the country suffered. ... As a result, Zimbabwe's diamond production declined by 62 percent to 924 388 carats (almost 185kg) last year due to court cases …
via 'Mining merger could be costly to govt' – NewsDay Zimbabwe April 27, 2015. THE consolidation of the diamond mining companies in Zimbabwe could result in massive revenue losses, poor redress of human and environmental rights among others, the Centre for Research and Development (CRD), has warned. BY OBEY MANAYITI
Zimbabwe Consolidated Diamond Company is one of two firms currently allowed to mine diamonds there. The other, Murowa Diamonds, majority-owned by Rio Tinto until June 2015, is the only private company mining diamonds in south central Zimbabwe. In early 2016, Mugabe's government evicted all diamond miners from Marange, saying their …
In early 2016, Mugabe's government evicted all diamond mining firms, including two Chinese joint venture companies from Marange, saying their licenses had expired after they declined to merge under the state-owned mining firm.
Most of the diamond fields are in Marange in eastern Zimbabwe, where production is dominated by the state-owned Zimbabwe Consolidated Diamond Company (ZCD). It is expected to produce 3.5 million ...
London-listed Vast Resources will next week sign an agreement with Zimbabwe's state diamond mining firm to prospect and mine diamonds in the east of the country, the mines minister and a company ...
