Marange, Core Mining arbitration begins

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 government investment arm in the mining of Marange diamonds, is in dispute with Core Mining after it hounded out of a joint venture agreement to explore Marange gems in 2010.

The Lovemore Kurotwi-led company took its dispute with Marange to an arbitrator, but Marange rushed to the High Court seeking an interdict to stop the process.

However, on Friday, retired judge Moses Chinhengo proceeded with the arbitration as the urgent chamber application filed by Marange had taken too long to resolve.

Chinhengo was appointed as an arbitrator by the president of the Law Society of Zimbabwe in line with an agreement signed by Core Mining and Marange in 2009.

According to the joint venture agreement signed by the two companies, any dispute that would have arisen between them should be resolved through arbitration.

“Any dispute which may arise as a result of the interpretation or application of this agreement which cannot be resolved within a period of (30) thirty days shall be referred to arbitration.

“The arbitration take place under the auspices of the commercial arbitration centre at Harare,” reads the signed agreement.

Chinhengo proceeded with the matter, albeit in the absence of Marange, who were locked in High Court judge Mary Dube’s chambers trying to stop the process already in motion.

Beatrice Mtetwa, the lead lawyer representing Core Mining, had to send her representatives to the High Court while she appeared before Chinhengo.

“We now await the determination by the arbitrator who will base his findings on records filed by the two parties,” said Kurotwi.

Marange and Core were in partnership to mine Marange diamonds through a company called Canadile Miners which collapsed after the  arrest of Kurotwi and other directors on allegations of fraud. - Xolisani Ncube

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