- Mining ministry cites lack of accountability by companies
- Newly created state-owned entity to take over operations
Zimbabwe ordered all diamond-mining companies to end operations, leave behind equipment and vacate their premises after the government didn’t renew their licenses, Mines Minister Walter Chidakwa said.
The newly created state-owned Zimbabwe Consolidated Diamond Co. will take over mining, he told reporters in the capital, Harare on Monday. The move follows a refusal by Anjin Investments Ltd., the Diamond Mining Co., Jinan Mining Ltd., Kusena Diamonds, Marange Resources Ltd. and Mbada Diamonds to accept the nationalization of their assets, the minister said.
“Since they no longer hold any mining titles, these companies were notified this morning to cease all mining with immediate effect,” Chidakwa said. The mining companies hadn’t invested enough funds to continue production beyond alluvial -- or surface -- mining and the ZCDC will operate the mines on a 50-50 percent joint-venture basis, Chidakwa said.
The miners ordered to cease production immediately all operated in Zimbabwe’s eastern Marange and Chimanimani areas.