RapNet


Rapaport News

 

Mining

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Zimbabwe Orders Diamond Miners to Cease Operations

Feb 24, 2016 6:41 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... The Zimbabwean government has ordered mining companies in the country to cease operations after it did not renew their licenses, Bloomberg reported.

The newly created state-owned Zimbabwe Consolidated Diamond Company (ZCDC) will take over mining, Mines and Mining Development Minister Walter Chidakwa was cited by the report as saying February 22.

The move follows a refusal by Anjin Investments, the Diamond Mining Company, Jinan Mining, Kusena Diamonds, Marange Resources and Mbada Diamonds to accept the nationalization of their assets, Bloomberg cited Chidakwa as saying. These companies had not invested enough to continue production beyond alluvial excavation, the minister was cited as saying.
Tags: mining, Rapaport News, Walter Chidakwa, ZCDC, Zimbabwe, Zimbabwe Consolidated Diamond Company
Similar Articles
Petra Cullinan blue 150Petra Sells 20ct. Blue Diamond for $15M
Nov 17, 2019
Petra Diamonds sold a 20-carat blue diamond from itsCullinan mine...
Alrosa Profit Drops in Third Quarter
Mountain Province Slides to Net Loss



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us