Murowa Diamonds

MASVINGO – The Zimbabwe Diamond and Allied Minerals Workers’ Union (ZDAMWU) has expressed concern at the dire financial standing of RioZim Limited Group and called on management to have its five mines placed under judicial management.
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Murowa Diamonds recorded a seven percent decline in output to 685 000 carats in the financial year ended December 31, 2019 due to erratic power supplies.
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Murowa Diamonds has started exploration for gems in Sese communal lands in Chivi in Masvingo province where the firm has nearly 200 claims.
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Zvishavane based diamond miner, Murowa Diamonds, has constructed factory shells at Murowa Business Centre which are set to benefit youths in the area.
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The Zimbabwe Stock Exchange listed resources firm, RioZim, is courting regional and international investors to finance its proposed power station and coal mining project in Sengwa, the Financial Gazette’s Companies & Markets can report.…
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RioZim chairman Lovemore Chihota has come under fire from the company’s shareholders and other interested stakeholders for misleading the nation on the Murowa Diamonds (Murowa) deal. Chihota told the country that global resources…
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The Government of Zimbabwe has completed the merging of all diamond companies in the country into one entity – the Zimbabwe Consolidated Diamond Corporation – which will house all diamond concessions and claims in the country.
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MUROWA Diamonds, the troubled junior resources outfit that is under pressure from government to participate in a forced merger of diamond companies, has been mothballed in a dramatic turn of events.
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Rio Tinto has told Zimbabwe's government it will give up a 51 percent stake in its local diamond unit Murowa, state media reported on Saturday, making it the first foreign-owned firm to voluntarily comply.
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HARARE - Zimbabwe's announcement that several multinational companies had a 14-day ultimatum to submit “acceptable indigenisation proposals” has caused panic among foreign investors.
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