News »
Monday, 13 May 2013 11:07
HARARE - An urgent chamber application filed by Marange Resources (Marange) at the High Court to stop an arbitration process initiated by Core Mining Resources has failed to help as the appointed mediator begun the process last Friday. Marange Resources, a...Read More
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Tuesday, 30 April 2013 10:10
HARARE - The ongoing dispute between Core Mining and Marange Resources has taken a new twist with Marange developing “cold feet” in its High Court urgent chamber application filed to block the commencement of an arbitration process. Marange Resources and Core...Read More
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Business »
Friday, 26 April 2013 11:23
HARARE - Aim-listed Botswana Diamonds (BD) says it has shelved plans to establish a mining venture in Zimbabwe after it lost its targeted Marange diamond claims to the Chinese. The junior gem miner said it is opting for Mozambique instead. John...Read More
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Monday, 22 April 2013 11:13
HARARE - Mbada Diamonds has become the biggest contributor to Zimbabwe’s diamond exports, contributing $44,7 million out of $113,7 million diamonds shipped in the first quarter. Mbada is a 50-50 joint venture between private investors and the State-owned Zimbabwe Mining...Read More
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Business »
Wednesday, 17 April 2013 15:27
HARARE - Finance minister Tendai Biti says his ministry has crafted a policy compelling diamond miners in Zimbabwe to remit at least 50 percent of their revenue to government. This comes as concern has been raised over transparency and incommensurate remittance...Read More
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Business »
Wednesday, 27 March 2013 12:02
HARARE - Listed short-term insurer NicozDiamond Insurance Limited (NicozDiamond) plans to establish a Mozambique operation as part of efforts to penetrate regional markets and diversify income streams. “We are expecting our operating licence in Mozambique this year,” said Grace Muradzikwa, NicozDiamond...Read More
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Opinion & Analysis »
Sunday, 24 March 2013 13:46
HARARE - The image projected by western-funded civic society organisations of Mbada Diamonds to the Kimberly Process Certification Scheme (KPCS) and the entire world diamond industry, through a heavily-resourced and coordinated sting operation, makes Italy’s Mafia look like boy scouts. The...Read More
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Opinion & Analysis »
Thursday, 21 March 2013 09:39
HARARE - News that diamonds were discovered in Bikita, an area which is fast turning barren and desolate drifted in and out of my mind for the past week. Most people from that area are still gripped by anxiety as to...Read More
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News »
Tuesday, 19 March 2013 10:25
MASVINGO - A Masvingo magistrate has denied three South African nationals bail after they brutalised two Zimbabweans after a botched diamond deal in Bikita. Magistrate Lyn Manyika remanded the South Africans, Jonathan Greyling, 25, Carle Shoun Steyler, 23, and Gordon Ryan...Read More
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News » Chengetayi Zvauya, Parliamentary Editor
Tuesday, 19 February 2013 11:49
HARARE - Zimbabwean war veterans — often seen as rowdy and President Robert Mugabe’s shock troopers in any election — have demanded $1 billion in fresh gratuities and diamond mining claims in Marange, it emerged yesterday. In a shock appeal before...Read More
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News »
Thursday, 14 February 2013 11:38
HARARE - Listed banking group BancABC was yesterday thrown into a “mini drama” after the Harare Messenger of Court raided its Mount Pleasant headquarters over a $10 million dispute with Mackie Diamonds BVBA (Mackie). Although the retail group has no business...Read More
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News »
Thursday, 14 February 2013 11:30
HARARE - Zimbabwe is getting a raw deal and losing billions of dollars to developed countries through exporting rough diamonds, a local mining expert has said. Zimbabwe Diamond Education College (ZDTC) principal, Stephen Muchenje, told a diamond seminar currently underway at...Read More
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Business »
Thursday, 07 February 2013 14:52
HARARE - GEM processors in India’s Surat — the world’s biggest diamond cutting and polishing centre — are looking at Zimbabwe for supplies as production of mining companies like De Beers has decreased phenomenally. Two of the largest diamond mines in...Read More
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News » Fungai Kwaramba, Staff Writer
Monday, 28 January 2013 11:30
HARARE - The ongoing probe into alleged diamond money looting in Manicaland has rattled Zanu PF with the party now barring members from seeking donations ahead of President Robert Mugabe’s birthday. Manicaland provincial chairperson Mike Madiro along with four other Zanu...Read More
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Business »
Wednesday, 23 January 2013 11:50
HARARE - Several Zimbabwean mining operations could be disrupted and lose millions due to incessant rains. With the country’s meteorological services predicting that heavy rains would continue countrywide, gem miner Marange Resources (Marange) has said it lost nearly $5 million worth...Read More
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