RE: Question: Where will the sp be when we get the £7.5m21 Jan 2020 15:46
is that to me? three, if so no the ZCDC is a government entity spun out of
the ZMF (All other mining). They hold the land rights to all of Zimbabwe
for Diamonds, technically if a gold miner finds one it belongs to ZCDC
They have built preparation and cutting facilities etc, so no EVERY one
in Zimbabwe is JV with ZCDC including the Chinese and Russian Majors
like Alrosa, unless special dispensation, all diamonds are suppose to go
through ZCDC facilities for prep sale and export, currently all goes
through China and Russia due to sanctions.
They do have a mining arm of their own but are more set up for the
follow on side of things not the exploration and bulk mining that the
likes of Alrosa etc bring to the party.
So no, they are looking for more JV partners across the country not less.