News / Regional
Diamond miners face eviction
07 Oct 2016 at 07:46hrs | Views
Zimbabwe is losing millions of dollars in potential revenue monthly as lucrative diamond claims in Marange lie idle following a stand-off between Government and the former miners whose special grants to mine have since expired.
Government is now contemplating evicting the mining firms and repossessing the claims to generate revenue for Treasury and alleviate the country's liquidity crunch.
Government decided not to renew the special grants for all companies that were mining in Marange on expiry after it emerged that some of them were siphoning billions of dollars out of the country through Idle diamond miners face eviction underhand dealings.
He said the continued refusal by the diamond companies to leave Marange was prejudicing the Government of potential revenue.
Source - online