Diamond Mines Seized by Zimbabwe's Government as Miners Evicted
- Mining ministry cites lack of accountability by companies
- Newly created state-owned entity to take over operations
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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.