Zimbabwe Takes Over Chinese Diamond Company, Herald Reports
The state-owned Zimbabwe Mining Development Corp. has taken control of Sino-Zimbabwe (Pvt) Ltd., a miner in Zimbabwe’s eastern Marange diamond fields, the Herald said, citing ZMDC Chairman Goodwills Masimirembwa.
The Chinese gem miner stopped operations last year, saying the area it had a license to mine lacked diamonds, the Harare- based, state-controlled Herald said on its website. ZMDC is recruiting other miners and carrying out further exploration to continue operations, the Herald quoted Masimirembwa as saying.
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