MINING & RETAIL

River Ranch seeks removal from liquidation

RANI Investments LLC, majority shareholder in, Limpopo Mining Resources (Pvt) Limited (LMR), has filed an application with the High Court seeking removal from liquidation due to a change in circumstan...

By Staff reporter | Published: 20 hours ago

OPINION

Deceit, greed devour Zimbabwe diamonds

The testimonies from bigwigs and stakeholders involved in exploiting diamonds in Chiadzwa given before Parliament last week painted a picture of intrigue and corporate sleaze that could have potential...

By Staff reporter | Published: 16 April 2018

BUSINESS NEWS

FMHL, NicozDiamond deal approved

The Competition and Tariff Commission (CTC) has approved a deal that would see First Mutual Holdings Limited (FMHL) acquiring NicozDiamond Insurance Ltd total issued share capital.The merger with Tris...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

$15bn missing diamonds revenues, Mugabe clarifies

WHILE parliament is intensely probing the alleged syphoning of US$15 billion in diamond revenues, the person who first spoke about it in public, former president Robert Mugabe, says the figure has no ...

By Staff reporter | Published: 13 April 2018

MINING & RETAIL

Zim to introduce contract sales for Marange diamonds

ZIMBABWE's state-owned diamond company is planning to introduce contract sales, as part of a strategy to revive operations and bring greater transparency at the Marange fields in Manicaland province.T...

By Staff reporter | Published: 12 April 2018

BUSINESS NEWS

'Chihuri seized diamonds worth millions of dollars'

Former police commissioner-general Augustine Chihuri allegedly seized a vault containing diamonds worth millions of dollars belonging to a company that was in partnership with the cops before he forci...

By Staff reporter | Published: 10 April 2018

BUSINESS NEWS

$15bn diamond saga deepens

FORMER secretary for mines, Francis Gudyanga yesterday claimed that there were powerful forces controlling the diamond mining sector, saying he had received unspecified threats from people he declined...

By Staff reporter | Published: 10 April 2018

POLITICS

Mnangagwa's deputy faces grilling over diamonds

Vice President Kembo Mohadi will on Monday lead a team of serving and retired Cabinet ministers and security chiefs, respectively, in giving evidence on how police and the military were awarded licenc...

By Staff reporter | Published: 07 April 2018

MINING & RETAIL

Mbada, govt clash over diamonds

Mbada Diamonds has approached the High Court seeking to secure its diamonds that continue to be sold by the government-owned Zimbabwe Consolidated Diamond Company (ZCDC). The comes after a court order...

By Staff reporter | Published: 06 April 2018

MINING & RETAIL

Zimbabwe mine doubles diamond production

The country's diamond production is on a rebound after government-owned Zimbabwe Consolidated Diamond Corporation (ZCDC) produced 751,000 carats of the precious gems in the first quarter of this year ...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

$2 million diamond deal goes sour

A Chinese woman lost more than US$2 million to four suspected fraudsters who allegedly lured her into Zimbabwe under the pretext that they could buy diamonds on her behalf.The complainant (name not su...

By Staff reporter | Published: 04 April 2018

MINING & RETAIL

RioZim to explore for diamonds

ZIMBABWE Stock Exchange-listed miner RioZim expects to start exploration for diamonds this month on its 3 000-hectare piece of land in Chivi, as the group eyes expansion. Chief executive Bhekinkosi Nk...

By Staff reporter | Published: 04 April 2018

OPINION

Missing $15 billion diamonds story a fiction

In 2006, former Botswana president Festus Mogae said: "For our people, every diamond purchase represents food on the table, better living conditions, better healthcare, safe drinking water, more road...

By Daniel Ngwira | Published: 23 March 2018

MINING & RETAIL

Armed police loot diamonds

Parliament yesterday heard how heavily armed police officers numbering about 200, in mafia style, stormed the Mbada Diamond fields in Marange and looted gems worth millions of dollars before they brok...

By Staff reporter | Published: 20 March 2018

BUSINESS NEWS

Russians eye Zim diamonds

Visiting Russian Foreign minister Sergey Lavrov says top Russian mining firms are interested in investing in the Zimbabwean diamond industry.Addressing a press conference soon after meeting with Presi...

By Staff reporter | Published: 09 March 2018

MINING & RETAIL

Russia eyes Zim's diamonds and platinum

Russia's Foreign Minister Sergei Lavrov on Thursday met with Zimbabwe's new President Emmerson Mnangagwa and discussed possible military co-operation as well as plans to boost economic ties.Lavrov, w...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

RioZim requires $125m for Murowa diamonds

At least $125 million is required to extend the lifespan of Murowa Diamond Mine by an additional three years, and to push output beyond one million carats per annum, an official said yesterday. Murowa...

By Staff reporter | Published: 06 March 2018

MINING & RETAIL

ACF invests $220m, eyes diamonds

ONE of the country's growing resource outfits, African Chrome Fields (ACF), says it has invested over $200 million at its Midlands operations in the past three years, and is now scouting for diamond a...

By Staff reporter | Published: 01 March 2018

MINING & RETAIL

De Beers in no rush for Zimbabwe return

LEADING global diamond trading, exploration and mining company De Beers Group remains focused on other African countries in which it is already established with no rush to return to Zimbabwe, our Hara...

By Staff reporter | Published: 27 February 2018

MINING & RETAIL

Mutare houses converted to illegal diamond centres

Several houses in the leafy suburbs of Mutare have reportedly been converted into illegal diamond trading centres by a syndicate of foreigners that is receiving the precious stones from artisanal diam...

By Staff reporter | Published: 26 February 2018

MINING & RETAIL

'Diamond revenue to date not anywhere near $15bn'

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has revealed that the country has to date sold diamonds worth $2,4 billion as calls become louder for investigations into the alleged $15 billion ...

By Staff reporter | Published: 25 February 2018

MINING & RETAIL

Zimbabwe resumes diamond auctions

ZIMBABWE conducted a diamond auction sale this month, as production of the precious stones gradually recovers after slumping to an all-time low of less than two million carats from peak levels of 12 m...

By Staff reporter | Published: 23 February 2018

MINING & RETAIL

'KP should audit Marange diamonds'

ZIMBABWE should invite the Kimberly Process (KP) to see if the country's diamond sector still meets the minimum requirements to mine and trade in the gems, a top civil society official has said.Zimbab...

By Staff reporter | Published: 19 February 2018

MINING & RETAIL

Zimbabwe to cut, polish diamonds in Botswana

President Mnangagwa says the Zimbabwe government is in talks with the Botswana government, which if successful, will see the country sending its diamonds to Botswana for cutting and polishing.Presiden...

By Staff reporter | Published: 13 February 2018

MINING & RETAIL

De Beers eyes Zimbabwe

De Beers may follow its resumption of exploration for diamonds in the Northern Cape by looking in the longer term at opportunities in countries like Zimbabwe and the Democratic Republic of Congo."I'm...

By Bloomberg | Published: 08 February 2018
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