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Zim formally informs Marange diamond miners of impending changes

28 april 2014

The Zimbabwean government has formally informed diamond companies in Marange that only one or two of them will be left to mine in the area, state-owned media reports.
There are seven diamond miners currently operating in Marange: Anjin Investments, Diamond Mining Company, Gye Nyame, Jinan, Kusena, Marange Resources and Mbada Diamonds.
The Herald newspaper quoted mines minister Walter Chidhakwa as saying that he had met the diamond miners and informed them that the changes were imminent.
“We have invited the mining companies to discuss policy direction and to deal with the issue of consolidating financial and human resource issues,” said Chidakwa. “We also discussed legal issues and the issue of equipment.
“We are currently waiting for the Chinese (Anjin) to come because they said their chairman has to come from China and we are meeting them in the second week of May.”
The miners were accused of failing to properly account for revenue realised from their operations.
They also came under fire recently for not honouring their obligations to the Marange-Zimunya Community Share Ownership Trust.
The Herald reports that the remaining one or two firms would operate as joint ventures with the government.
However, it was not clear which two companies would remain.
The government wholly owns Marange Resources through the Zimbabwe Mining Development Corporation and speculation was high that it would likely survive the chop.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished