VAST and Marange diamonds19 Aug 2018 22:21
04.06.2018 - Quote (its coming home)!!
' President Mnangagwa did not hide his government’s intentions as he recently said that Harare was working on a new diamond policy that would lead to the unbundling of the Zimbabwe Consolidated Diamond Mining Company (ZCDC) to allow more players in the sector.
“I am sure you are aware that under the old administration, we banned seven or so companies, which were mining diamonds and we created one company,” he was quoted as saying by the Herald newspaper.
“We have now realised that one company has no capacity to deal with the exploitation of this mineral, so we are in the process, with the Minister of Mines (and Mining Development Winston Chitando).”
Mnangagwa’s government had been reversing a lot of decisions made by Mugabe’s administration.
He scraped the empowerment law except for diamonds and platinum.
The talk of ZCDC lacking capacity to mine diamonds on its own could be a ploy to make way for the army’s diamond company to resume operations in Marange and other parts of the country.
As surely as the sun rises, Anjin will make a comeback in Marange.
However, it’s also refreshing that companies such as Botswana Diamonds and Vast Resources were set to prospect for diamonds in Zimbabwe.
The coming in of reputable diamond exploring and mining firms will help in as much as Harare will bring back companies that had been elbowed out of Marange.
Above all, their return should be followed by strict monitoring and improved revenue remittances to the Treasury.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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https://www.rough-polished.com/en/analytics/110854.html
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