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Zimbabwe holds 7th rank in global rough diamond production
Zimbabwe has maintained its seventh position in global rough diamond production according to the Kimberley Process Certification Scheme. Despite facing sanctions and strict trading rules in major US a...Published: 10 Jul 2024 at 15:42hrs | 12 | by Staff reporter
Reserve Bank of Zimbabwe appoints tainted Mpofu
TRUST, confidence and credibility of the Reserve Bank of Zimbabwe (RBZ) has been put at stake after the new central bank governor John Mushayavanhu appointed tainted banker Morris Bekezela Mpofu as hi...Published: 19 May 2024 at 11:54hrs | 12 | by Staff reporter
Community share ownership trust CEO faces arrest
TRADITIONAL leaders, villagers and other stakeholders have called for the arrest Chiadzwa Community Share Ownership Trust (CCSOT) Chief executive officer Hardwork Mukwada over charges of abuse of fund...Published: 04 Apr 2024 at 13:42hrs | 20 | by Staff reporter
Mnangagwa must not exempt state entities from scrutiny
GOVERNANCE watchdogs has demanded that President Emmerson Mnangagwa discard his gazetted General Notice 164B of 2024 which exempts 21 key state entities from complying with the Public Procurement and ...Published: 21 Feb 2024 at 20:03hrs | 19 | by Staff reporter
Zimbabwean diamonds not as valuable as widely believed
The Minerals Marketing Corporation of Zimbabwe (MMCZ) has disclosed that local diamonds, primarily found in Manicaland Province, do not possess the widely assumed high value, with approximately 75% of...Published: 25 Oct 2023 at 06:32hrs | 8 | by Staff reporter
Bad leadership behind Zimbabwe's impoverishment
FORMER Finance minister in the Government of National Unity (GNU) Tendai Biti has blamed poor political leadership and a shambolic mineral resource governance strategy for the stagnation in Zimbabwe's...Published: 23 Oct 2023 at 10:50hrs | 2 | by Staff reporter
Zimbabwe's biggest diamond miner shifts sales to Dubai auctions
ZIMBABWE'S biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen.Zimbabwe Consolidated Diamond Co. has aucti...Published: 22 Oct 2023 at 09:19hrs | | by Staff reporter
Chiadzwa community, govt and ZCDC smoke peace pipe
GOVERNMENT and the Zimbabwe Consolidated Diamond Corporation (ZCDC) have backed down from a protracted confrontation with the Chiadzwa community over a contentious proposal to invest US$400 million in...Published: 28 May 2023 at 08:05hrs | 1 | by Staff reporter
Corrupt US$400m deal morphs into political fix
The controversial deal to get state-run Zimbabwe Consolidated Diamond Corporation (ZCDC) to acquire a 33% shareholding in Great Dyke Investment (GDI) for US$400 million has taken a political turn, wit...Published: 14 Apr 2023 at 19:46hrs | 5 | by Staff reporter
Zimbabwe to scale up diamond cutting, polishing industry
MINES and Mining Development Minister Winston Chitando has said the country is targeting seven million carats this year as the country plans to scale up the diamond cutting and polishing industry....Published: 09 Mar 2023 at 05:21hrs | 3 | by Staff reporter
ZCDC CEO suspension opens can of worms
THE Zimbabwe Consolidated Diamond Company (ZCDC) chief executive officer (CEO) Mark Mabhudhu was suspended on Monday for reportedly stalling the corrupt purchase of Kuvimba Mining House (KMH)'s 33% sh...Published: 01 Mar 2023 at 19:34hrs | 7 | by Staff reporter
RBZ in gems mop up deal
THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities....Published: 02 Dec 2022 at 19:30hrs | | by Staff rteporter
Zimbabwe confident of producing 6m carats next year
Zimbabwe is confident it will produce six million carats and generate US$1 billion from the diamond industry next year in line with set targets, Mines and Mining Development Minister Winston Chitando ...Published: 23 Oct 2022 at 09:07hrs | 1 | by Staff reporter
Mystery buyer Zimbabwe of diamonds outed
THE Zimbabwean government has reportedly given preference to Belarusian diamond buyers to snap-up the gems under unclear circumstances.This comes at a time when the country's state-run mining ...Published: 16 Sep 2022 at 19:36hrs | | by Staff reporter
Zanu-PF bigwigs 'blocking' parastatal reforms
CONCERTED efforts by Treasury to push for key parastatal reform and privatisation of the loss-making entities have been frustrated by some hawkish cabinet ministers and senior bureaucrats, who have fo...Published: 17 Jun 2022 at 08:58hrs | 8 | by Staff reporter
US$20m externalised in Zimbabwe diamond sales
MORE than US$20 million was illegally moved out of the country's borders in murky deals involving blacklisted diamond dealer Jamal Ahmed in an opaque sale of one million carats of diamonds from the Mi...Published: 03 Jun 2022 at 19:14hrs | | by Staff reporter
Zimbabwe's diamond sector to surpass US$1bn target
Zimbabwe's diamond sector is on course to exceed the targeted US$1 billion contribution backed by exceptional performance by mining companies such as the Zimbabwe Consolidated Diamond Company (ZMDC)....Published: 08 Apr 2022 at 06:41hrs | 1 | by Staff reporter
Power play rocks Zimra
THE Zimbabwe Revenue Authority (Zimra) board was allegedly pressured by Treasury to appoint Morris Mpofu as acting commissioner-general, a move which was quickly reversed last week by the government i...Published: 15 Jan 2022 at 00:13hrs | 1 | by Staff reporter
Mugabe's donated computers lying idle 12 years later
AT LEAST 100 computers donated by the late deposed president, Robert Mugabe, to Arda Transau secondary school in 2010 are still lying idle due to lack of electricity at the institution, NewZimbabwe.co...Published: 12 Jan 2022 at 23:09hrs | | by Staff reporter
Mpofu fired from Zimra after just 48 hours
FORMER Zimbabwe Consolidated Diamond Mining Corporation chief executive officer Morris Mpofu has been disconcertingly axed as Zimbabwe Revenue Authority (Zimra) commissioner general within 48 hours of...Published: 07 Jan 2022 at 19:36hrs | 3 | by Staff reporter
Mnangagwa administration elbows out British investor under a cloud
The Zimbabwean government has - under unclear circumstances - frozen a multi-million diamond deal involving a London-listed British company, Vast Resources Plc, as the post-coup administration increas...Published: 19 Dec 2021 at 07:09hrs | 6 | by Staff reporter
'Tax incentives rip off Zimbabwe'
A LEADING resources watchdog has piled pressure on government to disclose the value of potential revenues it forfeits due to special tax incentives offered to attract investment.The Zimbabwe E...Published: 12 Dec 2021 at 19:13hrs | 6 | by Staff reporter
Zimbabwe happy to assume World Kimberley Process post
Zimbabwe says it is greatly honoured to have been elected vice chair for the World Kimberley Process for 2022, at a time when local diamond production is scaling new records.The election was d...Published: 22 Nov 2021 at 05:51hrs | 5 | by Staff reporter
Trust gets US$5million, collapses in 3 years
THE Marange-Zimunya Community Share Ownership Trust (MZCSOT) has collapsed only three years after the Zimbabwe Consolidated Diamonds Corporation (ZCDC) injected US$5 million to prop it, a Zimbabwe Ind...Published: 08 Oct 2021 at 18:58hrs | 8 | by Staff reporter
Russian fertiliser producer opens base in Zimbabwe
UNITED Fertiliser Company Limited (UFCL), a Russian firm with a global footprint, has opened a branch in Zimbabwe.The latest development comes at a time when the Government, under the Second R...Published: 29 Sep 2021 at 06:33hrs | 1 | by Staff reporter
Zimbabwean diamonds producer expands into Botswana
VAST Resources says its acquisition of Gem Diamonds Botswana (GDB), a wholly-owned subsidiary of London headquartered Gem Diamonds, aligns with its longer-term strategy to "maximise and crystallise" t...Published: 19 Sep 2021 at 08:52hrs | 7 | by Staff reporter
Mnangagwa govt's fake mega-deals raised false hopes
IN the run-up to the 30 July 2018 elections, President Emmerson Mnangagwa repeatedly claimed that Zimbabwe had attracted investment commitments amounting to over US$16 billion since he took over power...Published: 18 Sep 2021 at 19:38hrs | 3 | by Staff reporter
Explosive dossier exposes Chiadzwa gems tax sleaze
A whistleblower has submitted an explosive dossier to the Zimbabwe revenue Authority (Zimra) providing insight into how diamond mining firms in the Chiadzwa diamond fields in Manicaland, evaded tax ob...Published: 17 Sep 2021 at 06:17hrs | | by Staff reporter
Marange villagers, ZCDC bury the hatchet
KUSENA villagers in Marange, who last week had resisted an order by the Zimbabwe Consolidated Diamond Company (ZCDC) to temporarily vacate their homes so that the diamond miner can engage in explorati...Published: 03 Aug 2021 at 07:22hrs | | by Staff reporter
Zanu-PF's corrupt election funding exposed
THE ruling Zanu-PF mortgaged the country's natural resources in lieu of US$100 million in financial support ahead of the country's 2013 general elections, a new report by a local watchdog has shown....Published: 31 Jul 2021 at 17:54hrs | 10 | by Staff reporter
Diamonds worth US$140m vanish
ROUGH diamonds worth an estimated US$140 million dollars have disappeared from the supposedly impenetrable Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Consolidated Diamond Company (...Published: 14 Jul 2021 at 09:22hrs | | by Staff reporter
State diamond company fails to account for US$400m
THE Zimbabwe Consolidated Diamond Company (ZCDC) has failed to account for the use of money exceeding US$400 million, while also failing to properly account for 352 583.11 carats of diamonds wor...Published: 19 Jun 2021 at 15:06hrs | | by Staff reporter
25 000 Sputnik V jabs boost for vaccination
Zimbabwe's battle against Covid-19 got a boost yesterday after the country took delivery of the first consignment of 25 000 doses of the Russian manufactured vaccine — Sputnik V — donated by a dia...Published: 10 Jun 2021 at 06:20hrs | | by Staff reporter
Zimbabwe's biggest diamond miner sees output rising 30% in 2021
THE biggest diamond miner in Zimbabwe said it will be able to increase production of rough gems by about 30% to 3 million carats this year thanks to improved mining methods.Zimbabwe Consolidat...Published: 06 Jun 2021 at 18:15hrs | | by Staff reporter
Russia's Alrosa acquires more diamond prospecting grants in Zimbabwe
ALROSA, the world's largest producer of rough diamonds, has increased the number of prospecting grants it holds in Zimbabwe and remains optimistic about the potential of the country's diamond industry...Published: 23 May 2021 at 07:44hrs | | by Staff reporter
Zimbabwe invites bids for venture capital partner to set up diamond processor
The Minerals Marketing Corporation of Zimbabwe (MMCZ) is offering a venture capital partnership to bidders willing to set up a diamond processing company.MMCZ plans to invest in a company that...Published: 22 Mar 2021 at 06:12hrs | | by Staff reporter
ZCDC faces collapse
THE future of the state-owned diamond miner, Zimbabwe Consolidated Dia-mond Company (ZCDC), looks bleak, owing to loss of concessions and govern-ment interference, among other factors, investigations ...Published: 19 Mar 2021 at 09:36hrs | | by Staff reporter
Diamond scam hits Zimbabwe
One buyer has been snapping up all parcels at diamond auctions amid concerns some officials from the Zimbabwe Consolidated Diamond Company (ZCDC) and the Minerals Marketing Corporation of Zimbabwe (MM...Published: 18 Mar 2021 at 06:43hrs | | by Staff rpeorter
Mugabes' diamond, ivory deals exposed
FRESH startling details have emerged indicating how the late former President Robert Mugabe and his family worked with extop parastatal and security bosses to ship high-grade diamonds and ivory out of...Published: 29 Jan 2021 at 07:14hrs | | by Staff reporter
'Zimbabwe (Zanu-PF) and China enjoys excellent relations' - of course, China is guarantor of no regime change
Zanu-PF and its apologists are renowned for their single-mindedness belief in offence as not only the best but only defence. It is, therefore, a novelty to see them scrambling to mount a rear-guard de...Published: 17 Jan 2021 at 19:22hrs | 1 | by Patrick Guramatunhu
Army-linked Anjin grabs richest diamond claim
AN army-linked miner, Anjin Investments (Pvt) Ltd, grabbed the most lucrative diamond claim in Marange from a firm owned by the government after being relicensed under unclear circumstances, it has em...Published: 15 Jan 2021 at 07:47hrs | | by Kenneth Matimaire
Zimbabwe mineral exports exceed target
ATTRACTIVE international prices for major minerals except gold, coupled with stability in the mining sector despite the COVID-19-related lockdowns has seen Zimbabwe's mineral exports exceed the projec...Published: 04 Jan 2021 at 22:25hrs | | by Staff reporter
Type 2 diamonds to anchor Zimbabwe's US$12 billion industry
GOVERNMENT yesterday said it would anchor its US$12 billion mining industry economy on a rare and more expensive type two diamond set to be mined in its Malipati Diamond Projects in Matabeleland South...Published: 10 Nov 2020 at 05:48hrs | | by Staff reporter
Israel talks Zimbabwe up over diamonds
THE Israeli government is in talks with President Emmerson Mnangagwa's administration to directly buy Zimbabwean diamonds as relations between the two countries continue to warm up after several years...Published: 02 Oct 2020 at 07:48hrs | 2 | by Staff reporter
Chinese firm eyes 5-star hotel
ANHUI Foreign Economic Construction Group Co Ltd (Afecc) is looking to invest in a five-star hotel in Zimbabwe, but that would depend on whether they will get back their money.The group has in...Published: 30 Aug 2019 at 08:18hrs | | by Staff reporter
3 Chiadzwa panners die in mine shaft collapse
THREE illegal diamond miners died in Chiadzwa on Wednesday night after a mine shaft they were working on at a Zimbabwe Consolidated Diamond Company (ZCDC) field reportedly collapsed.Manicaland...Published: 17 Aug 2019 at 08:33hrs | | by Staff reporter
Like Masomere fired
Self-proclaimed doctor of football Luke 'Vahombe' Masomere has been fired after signing a one-year renewable contract with newly formed Mutare-based club, Manica Diamonds. The club is owned by...Published: 04 Aug 2019 at 16:31hrs | 3 | by Ndou Paul
China to help remove Mnangagwa over Zimbabwe diamonds war with Russia
This article first appeared on Spotlight Zimbabwe. LONDON - President Emmerson Mnangagwa's presidential exit is all but sealed amid reports that China ...Published: 22 Jul 2019 at 09:02hrs | 12 | by Itai Mushekwe
Mnangagwa's marriage in troubled waters, as mistress is exposed
President Emmerson Mnangagwa appeared to joke at his own expense on Tuesday, on the same day it was revealed that his marriage was in troubled waters, ZimLive reported.Mnangagwa was meeting ex...Published: 18 Jul 2019 at 08:20hrs | | by ZimLive
Zimbabwe mineral exports in 9% jump
Zimbabwe has recorded an 8,7 percent jump in mineral exports to $910 million in the first half of the year compared to the same period last year, statistics from the Minerals Marketing Corporation of ...Published: 14 Jul 2019 at 12:30hrs | | by Staff reporter
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