Marange Diamonds

HARARE - Zimbabwe has exported close to $0,5 billion worth of diamonds in the year to June 30, 2014, a new Kimberley Process Certificate Scheme (KPCS) report has revealed.
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HARARE - A leading South African bank says it is difficult to fund diamond mining ventures in Zimbabwe because of the high political risk and uncertainty in the country.
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Chinese diamond mining companies Anjin and Jinan are this week laying-off more than 400 employees arguing that their claims have run out out of diamonds and have no money to crush the hard rock deeper underground to search for new deposits.
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The uncertainty about the future ownership of the Chiadzwa diamond claims has seen a rapid increase in the amount of illegal diamond panning there, with a ‘brutal’ response being meted out by security details.
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Shocking evidence of government’s inability to effectively police diamond mines has emerged, with confidential reports by the Zimbabwe Revenue Authority (ZIMRA) exposing a sharp decline in taxes and fees due to the fiscus despite robust…
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There has been a fresh wave of systematic diamond looting involving mining companies’ staff, security and army generals following the announcement by Mines Minister Walter Chidhakwa that government will work with only one company to exploit…
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The cash-strapped ruling ZANU PF government has issued an order to all diamond miners in the country to sell their gems through the Reserve Bank of Zimbabwe (RBZ).
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MUTARE - Diamond mining companies at Chiadzwa are failing to pay businesses in Mutare millions of dollars for goods and services supplied - a situation that has negatively impacted on operations at most companies in the eastern border city.
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A Dubai based company that facilitated a ‘test’ auction of Zimbabwe’s diamonds last month has finally started paying out the money earned from the sale, days after Zimbabwe’s government branded the test a failure.
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Zimbabwe's diamond output from the Marange fields is expected to decline to 12 million carats this year, according to diamond analysts Rapaport.
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