The Government of Zimbabwe is preparing to issue a diamond mining license to a Chinese company Nan Jiang Africa Resources once the company categorically puts in writing its willingness to cede at least 51% of the shareholding to Zimbabweans. Such a policy falls in sync with the prevailing country’s indigenization and empowerment laws as spearheaded by Minister SaviourKasukuwere.
Nan Jiang Africa Resources, believed to be a consortium of Chinese and Zimbabwean businessmen, recently applied for a license to start diamond mining in Bikita. The application followed the discovery of four kimberlite pipes in the Devuli Ranch in Budzi communal lands. The area where the diamonds were discovered lies on the border with Manicaland which is home to the Chiadzwa diamond fields.
Speaking on the sidelines of a national mineral policy stakeholders’ meeting in Masvingo, Deputy Mines and Mining Development Minister Gift Chimanikire confirmed that Nan Jiang Africa Resources had formally applied for a diamond mining license. He further confirmed that the Government was currently considering the application.
The said Minister also reiterated that the prospective company had already been warned of the need to fully comply with the country’s indigenization and empowerment laws for them to get a license to operate. Without such willingness to adhere with the indigenous laws, then nothing would be realized.