Business / Local
Zim women miners eye US$200m deal for diamond mining
28 Apr 2013 at 15:42hrs | Views
The Zimbabwe Women in Mining is negotiating for a US$200 million deal with a South African investor to sponsor women to mine diamonds in the Chiadzwa area of Marange, an official has said.
Four diamond mining firms presently operate in Chiadzwa, namely Marange Resources, Mbada Diamonds, Anjin and the Diamond Mining Corporation.
Women in Mining president Ms Evelyn Musharu told New Ziana the association was sourcing funds to mine diamonds in Chiadzwa.
"A South African investor was in Zimbabwe and will be coming back to finalise the US$200 million deal. In about two weeks we will be signing the agreement with the investor," she said.
Ms Musharu said the association had been granted a licence to mine the diamonds in partnership with the Government.
"If we finalise the deal we want to mine diamonds and we will concentrate more on value addition so that we sell polished diamonds," she said.
The Zimbabwe Women in Mining is made up of 2 000 members. Zimbabwe has emerged as one of the major diamond producers in the world following the discovery of huge deposits in Chiadzwa a few years ago.
Four diamond mining firms presently operate in Chiadzwa, namely Marange Resources, Mbada Diamonds, Anjin and the Diamond Mining Corporation.
Women in Mining president Ms Evelyn Musharu told New Ziana the association was sourcing funds to mine diamonds in Chiadzwa.
Ms Musharu said the association had been granted a licence to mine the diamonds in partnership with the Government.
"If we finalise the deal we want to mine diamonds and we will concentrate more on value addition so that we sell polished diamonds," she said.
The Zimbabwe Women in Mining is made up of 2 000 members. Zimbabwe has emerged as one of the major diamond producers in the world following the discovery of huge deposits in Chiadzwa a few years ago.
Source - New Ziana
