BUSINESS NEWS

'US ban hurts Marange diamonds'

The Zimbabwe Consolidated Diamond Company (ZCDC) yesterday said the decision by the United States to issue a withhold release order (WRO) for artisanal rough cut diamonds from Marange was impacting ne...

By Staff reporter | Published: 07 November 2019

MINING & RETAIL

Zimbabwe to auction 500 000 carats

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will conduct another diamond auction before the end of the year targeting to sell between 400 000 and 500 000 carats. A fortnight ago, MMC...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

Zimbabwe diamond workers want salaries in US$

THE Zimbabwe Diamond and Allied Minerals Workers' Union (Zdamwu) says workers in the mining sector should be paid in United States dollars since the sector is one of the top foreign currency earners i...

By Staff reporter | Published: 11 June 2019

MINING & RETAIL

Murowa begins diamond exploration in Chivi

MUROWA Diamonds has started exploration for gems in Sese communal lands in Chivi in Masvingo province where the firm has nearly 200 claims. Murowa mines diamonds in Zvishavane in the Midlands but has ...

By Staff reporter | Published: 29 April 2019

MINING & RETAIL

Murowa starts diamond exploration in Chivi

One of the four companies licenced to mine diamonds in Zimbabwe, Murowa Diamonds, has started exploration for gems in Sese communal lands in Chivi, where the firm has nearly 200 claims for the mineral...

By Staff reporter | Published: 26 April 2019

MINING & RETAIL

CCTV sells out diamond-thieving guard

A SECURITY guard at the Zimbabwe Consolidated Diamond Company (ZCDC) premises was arrested for stealing five pieces of the precious stone after he was sold out by the closed circuit television (CCTV)....

By Staff reporter | Published: 25 April 2019

MINING & RETAIL

Wrangle over Zimbabwe diamond mine continues

THE stalemate over the pricing of River Ranch Mine, situated in the border town of Beitbridge, continues unabated as the owners, Rani Investments, and potential buyers, the Zimbabwe Consolidated Diamo...

By Staff reporter | Published: 12 February 2019

MINING & RETAIL

ZCDC to extract Chihota diamonds

The Zimbabwe Consolidated Diamond Company (ZCDC), has moved a gear up towards establishing diamonds extraction operations in Chihota communal lands in Marondera District, with the firm having engaged ...

By Staff reporter | Published: 29 January 2019

MINING & RETAIL

Mnangagwa commissions diamond mining plant

President Mnangagwa yesterday commissioned a Zimbabwe Consolidated Diamond Company (ZCDC) crushing plant here, marking the country's transition from alluvial to conglomerate diamond mining as he warne...

By Staff reporter | Published: 21 December 2018

MINING & RETAIL

No change for Zimbabwe platinum, diamond ownership rules

Zimbabwe does not plan to change its ownership rules for diamonds and platinum, Mines and Mining Development Minister, Winston Chitando, said on Monday. Although some miners are hoping the country wil...

By Reuters | Published: 30 November 2018

MINING & RETAIL

African govts fight 'conflict diamonds' resolution

AFRICAN governments led by South Africa are fighting tooth and nail to stop the passing of a resolution by the Kimberly Process to expand the definition of "conflict diamonds", it has been learnt.Civi...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Zimbabwe courts diamond buyers in Belgium

Mines and Mining Development Minister Winston Chitando, who is leading a Zimbabwean delegation attending the Kimberly Process meetings in Belgium, yesterday visited Antwerp World Diamond Centre to cou...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Govt to improve diamond sector governance

MINES minister Winston Chitando says the national diamond policy, which is expected to improve the governance of the sector, is now "imminent".The policy will be launched by President Emmerson Mnangag...

By Staff reporter | Published: 21 September 2018

FINANCIAL SERVICES

NicozDimond, Tristar merger commences

The directors of Tristar Insurance Company Limited (Tristar), a short-term insurance unit of First Mutual Holdings Limited (FML), have passed a resolution to seek the approval of the Minister of Finan...

By Staff reporter | Published: 21 September 2018

MINING & RETAIL

River Ranch Mine remains idle

River Ranch, a diamond rich mine in Beitbridge, sits quietly with no sign of life on the edges of Limpopo.Its solitude however gives a loud cry for urgent attention.The story of the mine is that of go...

By Staff reporter | Published: 10 September 2018

MINING & RETAIL

Zimbabwe resumes diamond auction

Zimbabwe resumed diamond auction last week, but attracted fewer international buyers than expected, the Minerals and Marketing Corporation of Zimbabwe said. The auction - the third to be conducted thi...

By Staff reporter | Published: 10 September 2018

MINING & RETAIL

Diamond production up 44%

STATE owned diamond mining entity, the Zimbabwe Consolidated Diamond Company (ZCDC), has recorded a 44 percent increase in production after it hauled just over 1, 5 million carats of the precious ston...

By Staff reporter | Published: 08 July 2018

MINING & RETAIL

Chinese firm loses Zim diamonds court battle

Chinese firm Anjin Investments (Private) Limited (Anjin) has lost a Constitutional Court application in which it sought the nullification of a 2016 government directive expelling it from the diamond-r...

By Staff reporter | Published: 30 June 2018

POLITICS

Diamond mine haunts Chihuri

FORMER commissioner of the Zimbabwe Republic Police (ZRP) Augustine Chihuri personalised a diamond firm called Gye Nyame that operated in Marange diamond fields in partnership with the force, a Parlia...

By Staff reporter | Published: 28 June 2018

MINING & RETAIL

Mbada Diamonds to get licence back

DIAMOND mining companies that were dramatically evicted from the Marange area of Manicaland in 2016 are expected to get back their licences after the Supreme Court ruled on Wednesday that the governme...

By Staff reporter | Published: 22 June 2018

POLITICS

'Mugabe was told of missing diamonds'

PEOPLE'S Rainbow Coalition leader Dr Joice Mujuru has said ex-President Robert Mugabe's revelation that the country was prejudiced of $15 billion through underhand diamond sales should not been dismis...

By Staff reporter | Published: 19 June 2018

MINING & RETAIL

Diamond deposits discovered in Mashonaland East

RICH diamond deposits have been discovered in Marondera West, with government saying it would only start mining operations after crafting a new diamond law in August.President Emmerson Mnangagwa confi...

By Staff reporter | Published: 13 June 2018

BUSINESS NEWS

Parly demands forensic audit on diamond mines

OUTGOING Parliamentarians have recommended that Government immediately carries out a forensic audit on all diamond companies that were operating in Marange after a number of irregularities were noted ...

By Staff reporter | Published: 13 June 2018

POLITICS

Chihuri 'personalised' diamond firm

FORMER Police Commissioner General Dr Augustine Chihuri allegedly personalised the Zimbabwe Republic Police's diamond mining company, Gye Nyame, in Marange as he "sorely" operated it, a Parliamentary ...

By Staff reporter | Published: 13 June 2018

ZIMBABWE

NicozDiamond to delist from ZSE

LISTED short-term insurer, NicozDiamond Insurance Limited, will be delisted from the Zimbabwe Stock Exchange as First Mutual Holdings Limited (FMHL) assumes 100 percent ownership.FMHL, which recently ...

By Staff reporter | Published: 11 June 2018
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