News / National
Court told a million carats of diamonds missing
22 Feb 2013 at 06:45hrs | Views
Over a million carat of diamonds left by Core Mining and Mineral Resources after the termination of its joint venture with Marange Resources cannot be accounted for by the Zimbabwe Mining Development Corporation.
This was disclosed yesterday by ZMDC board member Ashton Ndlovu while being cross-examined by Core Mining director Lovemore Kurotwi's lawyer Beatrice Mtetwa.
Ndlovu also told High Court judge Justice Chinembiri Bhunu that he did not know the whereabouts of close to $3.5 million which was due to be paid to Core Mining as dividends when it was in partnership with Marange Resources.
It also emerged that Core Mining's partnership with Marange Resources to form Canadile Miners was not decided by the ZMDC, but the board was merely informed by Mines minister Obert Mpofu.
This was disclosed yesterday by ZMDC board member Ashton Ndlovu while being cross-examined by Core Mining director Lovemore Kurotwi's lawyer Beatrice Mtetwa.
Ndlovu also told High Court judge Justice Chinembiri Bhunu that he did not know the whereabouts of close to $3.5 million which was due to be paid to Core Mining as dividends when it was in partnership with Marange Resources.
It also emerged that Core Mining's partnership with Marange Resources to form Canadile Miners was not decided by the ZMDC, but the board was merely informed by Mines minister Obert Mpofu.
Source - newsday
