Source: Diamond Mining Company resumes operations in Chiadzwa – NewsDay Zimbabwe April 21, 2016
DIAMOND Mining Company (DMC) has resumed operations in Chiadzwa after signing a new deal with government, Mines and Mining Development Minister, Walter Chidakwa (pictured) has said.
BY STAFF REPORTER
Chidakwa told NewsDay that DMC never contested government’s decision to cancel diamond companies’ licences.
“We went into discussions and had an agreement to take over 50% of the company. We signed the agreement and the mining team is on site. In fact they have been mining for the past one-and-half weeks,” he said.
Chidakwa said already 458 employees were working on the mine.
However, minister Chidakwa could not be drawn into disclosing how much was paid, saying it was a shareholder issue.
Government is currently working on the consolidation of diamond mining companies in Chiadzwa after it cancelled their licences.
The companies include, Mbada, Anjin, Gye Nyame and DMC. The Zimbabwe Consolidated Mining Company currently holds the claims of all diamond companies in Chiadzwa after the companies ceased operations in February this year.
President Robert Mugabe recently claimed $15 billion diamond revenue went missing, sparking an uproar in the country on how government allowed this to happen under its watch.