HomeLocal News$80m worth of diamonds missing

$80m worth of diamonds missing


Mystery surrounds the whereabouts of almost two million carats of diamonds worth $80 million mined by Canadile Miners in Chiadzwa during the joint venture between Zimbabwe Mining Development Corporation (ZMDC) and Core Mining and Mineral Resources.

The 1 700 000 million carats diamonds were allegedly moved from Canadile Miners’ sorting house in Mutare to an unknown destination last week.

The stunning revelations were made by Lovemore Kurotwi, the embattled director of Core Mining and Mineral Resources, in his second supplementary affidavit filed before High Court judge Justice Susan Mavangira on Monday.

“I wish to place the information before this honourable court by way of this second supplementary affidavit.

“On Friday November 19, whilst this matter was pending before this court, the ZMDC and Marange resources employees including one Govati Mhora removed, to an unknown destination, around 1 700 000 carats of diamonds from Canadile Miners vaults at its Mutare sorting house,” Kurotwi said.

Kurotwi said some of the diamonds had not been sorted, raising fears there could be no reliable record of the value of the diamonds.

“There is a real danger that ZMDC and Marange Resources as they operate other diamond mines in Chiadzwa, may swap Canadile Miners valuable diamonds with others of less value.” he said.

Kurotwi made an urgent chamber application seeking to have Canadile Miners control its assets and mining operations in Chiadzwa.

He is also seeking to have the court to declare valid and subsisting the shareholding agreement between Marange Resources and Core Mining, but ZMDC chairperson Godwills Masimirembwa denied the existence of such an agreement.

Justice Mavangira is on Monday expected to hear the submissions from Kurotwi’s team of lawyers led by advocate Lewis Uriri.

The defendants, according to the court papers, are ZMDC, Marange Resources, the Minerals Marketing Corporation of Zimbabwe, Canadile Miners and Mines and Mining Development minister Obert Mpofu.

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