Diamond mining companies to cease operations

Diamond mining companies in Zimbabwe’s Marange fields are to stop their operations immediately because their licences have expired, the country’s mines minister said on Monday.

Reuters

The diamond fields, located in the eastern part of the country close to the Mozambican border, are mined by nine joint-venture companies, each with a 50 percent stake while the government holds the other half.

DIAMOND

“Since they no longer hold any titles, these companies were notified this morning to cease all mining activities with immediate effect,” Walter Chidhakwa told reporters and executives from the affected mines.

The new state-owned Zimbabwe Consolidated Diamond Company will now hold all the diamond claims in the country, Chidhakwa said, adding that the move was an imperative of national economic development.

2 Responses to Diamond mining companies to cease operations

  1. todiizvazvo February 22, 2016 at 6:10 pm #

    are these miners going to remove their machinery,equipments etc and just leave the ground as it is?then this ZCDC will start afresh to acquire the necessry tolls to mine?Where will they get the money?Its a blessing in disguise here guys.These can now retrench cheaply,they now take time to review their contracts with ZMDC.Probably just pack their bags and leave the country since no diamonds of value left to talk about.After all who was benefiting from these mines,cause it was not Zimbabwe and its people?
    Just close everything dont leave the State house as well!!

  2. ashleymorgan0001 February 22, 2016 at 9:44 pm #

    I q­ui­­­t wo­­­rk­­­­ing m­­­y de­­s­k jo­­­b an­­d n­­o­w, I st­­­art­­­e­d e­­arn­­­in­­g 9­­5 b­­­­­­uck­­­­­­s ho­­­­ur­­­­­l­y…H­­­­o­w I d­i­d i­­­­­­t? I a­­m f­reelan­­­­­cing o­v­­­­­­­er t­h­­­­­e i­n­t­­­­­­­­­­­­ernet! M­­­y la­­­s­t jo­­­­­­­­­­­­­­­­­­­­b d­id­­­n’t e­­­­­xact­­­­­ly m­­­­­­­­ak­­­­­­e m­­­­­­­­e ha­­­­­­­­­pp­­­­­­y s­­­­­­­­­o I w­­­­­an­t­e­­­­­­d t­­­­­o t­­­­­­­­ak­e a b­­r­e­ak a­­­­nd h­­­av­­­e a f­­­re­­sh s­­tar­­t… A­­­­f­t­e­r 6 y­­­r­s I­t w­­­­as we­­­­­i­rd fo­­r m­e t­o le­­­­­ave m­­y p­­re­­­vi­­­ous j­­­­ob a­n­­­­­d n­­­­­­ow I a­m del­­­igh­ted we­­­r­e i am

    ••••••► w­­w­­w.­­W­­­o­­­r­­­k­­­P­­­o­­­s­­­t­­­3­­­0.­­c­­o­­m­­

© 2016 NewsDay Zimbabwe. All Rights Reserved.

DMMA logo