MINING & RETAIL

Zim diamond industry targets 4,6 million carats

The diamond sector is targeting to produce a combined output of 4,6 million carats in 2018 after setting aside an investment envelope of $130 million in an effort to increase production.The target com...

By Staff reporter | Published: 16 January 2018

MINING & RETAIL

'Minister looted Chiadzwa diamonds'

The Zimbabwe Anti-Corruption Commission has opened fresh investigations into former Mines and Mining Development Minister Walter Chidhakwa over diamonds that allegedly disappeared from Government vaul...

By Staff reporter | Published: 14 January 2018

MINING & RETAIL

Zimbabwe to resume diamond sales

Zimbabwe is planning to resume auction of diamonds next month, having suspended sales in February last year following the merger in 2016 of companies previously operating in the Chiadzwa area of Maran...

By New Ziana | Published: 12 January 2018

BUSINESS NEWS

Obert Mpofu haunted by $10m diamond 'bribe'

HARARE businessman Lovemore Kurotwi has engaged President Emmerson Mnangagwa in a bid to recover $17 million seized by the State when he was hounded out of the Chiadzwa diamond fields allegedly at the...

By Staff reporter | Published: 10 January 2018

BUSINESS NEWS

Indigenisation laws to apply to diamonds, platinum mining

THE 51/49 percent shareholding requirement under the Indigenisation and Economic Empowerment Act would now be applied to investments to extract two precious minerals - diamonds and platinum.Finance an...

By Staff reporter | Published: 08 December 2017

MINING & RETAIL

Zim diamond company improves gem quality

THE Zimbabwe Consolidated Diamond Company's (ZCDC) stock pile of about 1,5 million carats has improved its gem or near gem quality from predominantly industrial quality by 34 percentage points followi...

By Staff reporter | Published: 01 December 2017

POLITICS

Mnangagwa must recover the $15bn from Chiadzwa

OPPOSITION parties have welcomed calls by President Emmerson Mnangagwa for persons, who externalised money to return the loot within three months, saying the government must leave no stone unturned in...

By Staff reporter | Published: 30 November 2017

MINING & RETAIL

Govt invites diamond buyers

MINES and Mining Development Minister Walter Chidhakwa has taken advantage of the ongoing bi-annual Dubai Diamond Conference to invite international diamond buyers to tender for Zimbabwean diamonds wh...

By Staff reporter | Published: 19 October 2017

MINING & RETAIL

Probe into Zimbabwe missing $15 billion still on

GOVERNMENT is still pursuing investigations into the suspected leakage of $15 billion from Chiadzwa diamond fields in Manicaland, Mines and Minerals Development Minister Walter Chidhakwa said yesterda...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

ZCDC to start conglomerate mining

State mining entity, the Zimbabwe Consolidated Diamond Company (ZCDC), will this month begin conglomerate mining following the near depletion of alluvial diamonds at the Chiadzwa diamond fields.Financ...

By Staff reporter | Published: 04 October 2017

MINING & RETAIL

Zimbabwe to displace more for diamond mining

Government - through its Zimbabwe Consolidated Diamond Company (ZCDC) - could relocate more people in Manicaland province to pave way for diamond mining, if it secures claims to the Tsvingwe area.Tsvi...

By Staff reporter | Published: 28 September 2017

MINING & RETAIL

CIO company looted Zimbabwe diamonds

DESPITE reports that Kusena, a Central Intelligence Organisation (CIO)-owned company, which had mining rights in Chiadzwa, never took off, fresh evidence shows it operated under cover with a new name...

By Staff reporter | Published: 22 September 2017

MINING & RETAIL

CIO company looted Marange diamonds

DESPITE reports that Kusena, a Central Intelligence Organisation (CIO)-owned company, which had mining rights in Chiadzwa, never took off, fresh evidence shows it operated under cover with a new name ...

By Staff reporter | Published: 22 September 2017

POLITICS

Watchdog zooms in on Zim's missing $15 billion

Zimbabwe's ruling elite has diverted the country's vast diamond riches to help fund repression by dodging sanctions and raising money for security forces, an anti-corruption campaign group alleged Mon...

By Agencies | Published: 11 September 2017

BUSINESS NEWS

Zimbabwe diamond cartels target 'spiritualist'

A controversial Chiadzwa "spiritualist", who has been leading rituals to cleanse the diamond fields, has sensationally claimed that illegal diamond cartels are targeting him.Matthew Mundondo, who is ...

By Staff reporter | Published: 07 September 2017

MINING & RETAIL

ZCDC to mine conglomerate diamonds next year

The Zimbabwe Consolidated Diamond Company (ZCDC) is targeting to generate more revenue from mining conglomerate diamonds with the initiative expected to be fully operational by next year.Since its es...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

Zimbabwe diamond output hits 1.25m carats

Diamond output has hit 1.25 million carats in the last seven months with the Zimbabwe Consolidated Diamond Company (ZCDC) eyeing to reach the 2 million carats target for this year.The production figur...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

Zimbabwe piling up gold, diamonds

Vice President Emmerson Mnangagwa says the cash-strapped Zimbabwe government is piling up reserves of gold and diamonds to back a new local currency.But he did not say when the new currency would be i...

By Staff reporter | Published: 29 July 2017

MINING & RETAIL

Diamond output rises on $30m injection

Zimbabwe's diamond output for the first half of 2017 jumped to 1,1 million carats (220kg) against 690 000 carats produced during the whole of 2016.The big rise in diamond production follows Governmen...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Zim's diamond cutters, polishers struggling

Zimbabwean diamond cutting and polishing companies are struggling to absorb the mandated 10% market share set aside by government to encourage growth and development of the downstream industries, an ...

By Staff reporter | Published: 23 July 2017

MINING & RETAIL

Zim not going back on diamond merger

Government will proceed with plans to consolidate diamond mining operations in the country despite facing resistance from certain diamond mining companies who up to now are still to make a decision o...

By Tinashe Makichi | Published: 23 June 2015

MINING & RETAIL

KPCS meeting opens in Luanda

The Kimberly Process Certification Scheme intercessional meeting has started in Luanda Angola, with the initial working group sessions avoiding contentious issues to do with the vice chairmanship and ...

By Staff reporter | Published: 23 June 2015

MINING & RETAIL

Bid to block Zim trade in diamonds

The government controlled Herald, reported that attempts by Western countries to discourage trade in Zimbabwean diamonds at the Kimberly Process Certification Scheme Intercessional Plenary which start...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Murowa to resume operations

Murowa Diamonds (Murowa) is expected to resume full scale mining operations in a few weeks' time after it has finalised contracts of companies subcontracted to do work at the mine, deputy Mines minist...

By Staff reporter | Published: 21 June 2015

MINING & RETAIL

Zim engages four diamond cutters

Zimbabwe has engaged four international diamond cutting and polishing firms as part of the country's strategies to add value to its natural resources.President Robert Mugabe told thousands of party su...

By Staff reporter | Published: 21 June 2015
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