Articles tagged 'mbada diamonds'

Lifeline for diamond companies 22 May 2018 HARARE - At least six diamond companies that were ordered to shut down by government more than two years ago could make a comeback following the drafting of a new diamond policy. In February 2016, government moved to consolidate the diamond mining industry and ceased operations for the other s...
Victory for Mbada 21 May 2018 HARARE - The Supreme Court has shut the door on the government-owned Zimbabwe Consolidated Diamond Company (ZCDC) after throwing out its appeal, in which it challenged a High Court order barring it from selling diamonds belonging to Grandwell Holdings (Grandwell) in the Chiadzwa mining fields. ...
Armed police loot diamonds 20 March 2018 HARARE - Parliament yesterday heard how heavily armed police officers numbering about 200, in mafia style, stormed the Mbada Diamond fields in Marange and looted gems worth millions of dollars before they broke television monitors and equipment in a raid which left workers fearing for their lives...
Mbada Diamonds' equipment attached 25 October 2017 HARARE - Mbada Diamonds (Private) Limited, the former largest diamond miner in the Chiadzwa diamond fields, has had its property and assets attached pending auction on Friday over debt. Mbada was one of nine companies operating in the Chiadzwa fields directed to stop all mining activities and ...
Court gives govt diamond miner ultimatum 27 April 2017 HARARE - The High Court has given the government-owned Zimbabwe Consolidated Diamond Company (ZCDC) an ultimatum to comply with an order stopping it from looting Grandwell Holdings (Grandwell)'s mining ore in the Chiadzwa mining fields. This comes after Grandwell, which owns 50 percent shareho...
Mbada gets High Court relief 1 March 2017 HARARE - State-owned Zimbabwe Consolidated Diamond Company (ZCDC) has been ordered by the High Court to stop looting diamond ore in the Chiadzwa mining fields belonging to Grandwell Holdings (Grandwell), which owns 50 percent shareholding in Mbada Diamonds (Mbada) as concerns grow on the controve...
High Court derails mining firm's hopes 27 October 2016 HARARE - Mbada Diamonds' principals, Mauritius-registered Grandwell Holdings (Grandwell)'s hope of resuming mining operations in Marange were derailed yesterday after the High Court dismissed its application in which it sought to compel Marange Resources (Marange) to pay renewal fees for its spec...
Judge lashes govt over mines seizure 17 March 2016 HARARE - A High Court judge has lashed the government, saying it should not have unilaterally taken over diamond claims at Chiadzwa, as this amounted to the State taking the law into its own hands. The ruling by Justice Joseph Mafusire yesterday came after Mbada Diamonds' foreign shareholder, ...
Chidakwa buckles under pressure 10 March 2016 HARARE - Mines minister Walter Chidakwa has buckled under pressure and complied with a High Court order that okayed the return of Mbada Diamonds (Mbada)'s security officers to its Chiadzwa mining site to secure its diamonds and equipment. This also comes after Chinese diamond mining firm Anjin...
Chidakwa grilled in court 4 March 2016 HARARE - Mines minister Walter Chidakwa was yesterday grilled by lawyers in court but defended himself saying he could not be held in contempt over his actions to defy a High Court order okaying the return of Mbada Diamonds (Private) Limited (Mbada) to its Chiadzwa mining site. Chidakwa appear...
'Chidakwa defied Court order' 3 March 2016 HARARE - Grandwell Holdings, which invested heavily in Mbada Diamonds (Private) Limited (Mbada), says Mines minister Walter Chidakwa should be dragged to court to explain why he failed to comply with a court order allowing the company back to the diamond mining site in Chiadzwa to secure its diam...
China warns Zim over mine grabs 1 March 2016 HARARE - A brooding China yesterday warned Zimbabwe to beware after President Robert Mugabe's government ill-advisedly moved to seize all diamond mining claims in Chiadzwa last week, including those in which Chinese companies have interests. At the same time, the High Court temporarily chucked...
Youth games deserve support 15 August 2015 HARARE - Today Mutare hosts the Zimbabwe National Youth Games which are scheduled to run for a week in the eastern border city. The games are being held at a time companies in the city and indeed elsewhere, are reeling from the country's toxic economy which has continued to tank. In the mid...
Partnerships needed to grow diamond industry: Mhlanga 4 May 2015 HARARE - It is my pleasure to stand before you again at the 2nd Dubai Diamond Conference hosted and presented by the Dubai Diamond Exchange (DDE). The DDE has undoubtedly continued to remain a strategic and influential institution within the global diamond industry. Our inaugural meeting was h...
Mhlanga calls for fair diamonds trade 7 November 2014 HARARE - Zimbabwe's leading diamond producer, Mbada Diamonds, says the international community must create a conducive environment for fair trade of the country's gems. Speaking at the Zimbabwe Diamonds Conference in the capital yesterday, Mbada Diamonds chairman Robert Mhlanga said the countr...
Mbada rescues Marange villagers 10 August 2014 CHIADZWA - Mbada Diamonds yesterday donated 800 tonnes of maize to hunger-stricken families in Marange. More food aid will be handed over to villagers relocated to Arda Transau. Christopher Mushohwe, minister of State for Provincial Affairs, told a ceremony to handover the 400 tonnes of mai...
Indian dealer nabbed over diamonds scam 27 March 2014 MUTARE - A Mutare businessman of Indian origin was yesterday charged with conniving with employees of top diamond producing firm, Mbada Diamonds to steal $3 million worth of gems from the Marange-based firm. Mudasar Khan, who owns Akin Investments, a diamond cutting and polishing company and i...
Mbada rakes in $1bn 18 March 2014 HARARE - As the storm over diamonds revenue in government rages on, Mbada Diamonds has become the first diamond mining company to publicly declare their revenue and how they used it amid pressure on other firms in the Chiadzwa area to do the same for transparency purposes. President Robert Mug...
Diamond firms dismiss claims 9 March 2014 HARARE - Firms mining diamonds in Chiadzwa say they never pledged $10 million each and were never consulted on the Marange-Zimunya Community Share Ownership Trust (MZCSOT) as claimed by Chief Gilbert Marange and some government officials. This emerged after officials from Mbada Diamonds, Jinan...
Mbada shines at UNWTO 27 August 2013 HARARE - Diamond miner Mbada Diamonds has contributed over $2,5 million towards the successful hosting of the ongoing United Nations World Tourism Organisation (UNWTO) general assembly in Victoria Falls. The mining giant — which sponsored the live broadcast of the official opening of the touri...
Well done Mbada 27 August 2013 HARARE - Once again, mining giant, Mbada Diamonds has come to the rescue of the nation by generously donating to the successful hosting of the United Nations World Tourism Organisation (UNWTO) general assembly in Victoria Falls. We are reliably informed that Mbada Diamonds pumped in more than ...
Mbada wins prestigious award 17 May 2013 HARARE - Mbada Diamonds (Mbada) yesterday scooped the Silver Arrow accolade at the PMR Africa Awards held in Harare. The award from South Africa-based research firm PMR Africa was an acknowledgement of the firm s stellar contribution to the mining sector over the past 12 months. George Manyaya, M...
Mbada Diamonds leads in gem exports 22 April 2013 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 Development Corporation (Z...
Mbada Diamonds defies odds 24 March 2013 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 succes...