Business / Economy
Zimbabwe diamond operations among the best in Africa
30 Sep 2016 at 06:49hrs | Views
KPCS chairman Ahmed Bin Sulayem, who was in Zimbabwe on a familiarisation tour of the country's diamond industry, said Zimbabwe diamond operations are among the best in Africa.
Sulayem said this after touring mines in the Chiadzwa area of Marange, Manicaland province.
The KPCS, an international body charged with preventing the trade of conflict diamonds, has in the past banned Zimbabwe from selling its diamonds on allegations of human rights abuses in the Chiadzwa area.
Early this year, Zimbabwe started consolidating diamond mining operations into one company, the Zimbabwe Consolidated Diamond Company in which the Government became the major shareholder with 50 percent, while private firms which previously owned the ventures share the remaining 50 percent.
Sulayem said this after touring mines in the Chiadzwa area of Marange, Manicaland province.
Early this year, Zimbabwe started consolidating diamond mining operations into one company, the Zimbabwe Consolidated Diamond Company in which the Government became the major shareholder with 50 percent, while private firms which previously owned the ventures share the remaining 50 percent.
Source - Online
