Diamond Firms in Zimbabwe Told of Their Fate

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Government has formally informed diamond companies in Marange that only one or two of them will be left to mine, after they failed to properly account for revenue realized from their operations.

The firms have not been forthcoming with regards to honouring their obligations to the Marange-Zimunya Community Share Ownership Trust.

The remaining one or two firms will operate as joint ventures with Government as it moves to improve accountability and increase revenue to Treasury.

There are seven diamond miners in Chiadzwa: Anjin Investments, Diamond Mining Company, GyeNyame, Jinan, Kusena, Marange Resources and Mbada Diamonds.

It was not clear last night which two companies would remain, but Marange Resources could survive the chop as it is the only one wholly-owned by the Government through the Zimbabwe Mining Development Corporation.

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