Zimbabwe's top diamond mining firms agree to become one entity. Merger would bring in more transparency and accountability in the sector — would enable miners to extract kimberlite diamonds, which are capital intensive. diamond world news service.
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World's top diamond producer by output Alrosa and China-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond miner in exploring and digging up ...
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Merger would bring in more transparency and accountability in the sector — would enable miners to extract kimberlite diamonds, which are capital intensive. Zimbabwe's leading …
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The world's top diamond producer by output, is returning to Zimbabwe after almost two years, as the company continues to expand beyond Russia. Russia's Alrosa back to mining diamonds in ...
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via Tension as bigwigs resist diamond mergers – The Zimbabwe Independent January 23, 2015. TENSIONS are mounting in Zimbabwe's diamond industry with top government officials behind the country's major diamond mining companies reluctant to comply with Mines minister Walter Chidhakwa's move to merge the firms in an effort to bring about a culture of transparency and …
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The Zimbabwean government said Thursday it will merge six mining firms in eastern Marange diamond fields into a single entity where the government will be the majority …
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Zimbabwe is planning to merge all diamond mining companies, including the local unit of Rio Tinto, into one big firm in which the state will own half of the shares, the minister of …
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Mining is one of Zimbabwe's largest foreign currency earners, contributing more than 60% of the forex earnings. It also constitutes about 15% of gross domestic product (GDP), between 8 to 12% of government revenue and …
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Vast Resources has announced that it expects to finalize its mining agreement on the Community Diamond Concession in Marange, Manicaland Province.. This comes after the High Court of Zimbabwe granted a default order relating to a historic parcel of 129 400 ct of rough diamonds which was held by the Reserve Bank of Zimbabwe (RBZ) for the past 12 years.
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The post Zimbabwe's top diamond mining firms agree to merge appeared first on MINING. Lähde: Zimbabwe's top diamond mining firms agree to merge . Lyhyesti Prokaivokselta. 30.8.2023, 14:51 - [email protected] …
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Zimbabwe wants to merge all diamond mining firms in the country, including the local unit of Rio Tinto, into one company in which the state will own just over half of the shares, the country's …
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Zimbabwe: Diamond Mining Firms to Merge. 20 February 2014. Financial Gazette (Harare) ... Indications are that Mbada Diamonds, a hugely philanthropic diamond mining firm in Chiadzwa, could be ...
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Rough diamond sales is the first stage of the diamond value chain, while cutting and polishing diamonds is the second stage, which fetches anything between US$20 billion and $24 billion. On the upper rung of the diamond value chain ladder is the jewellery retail market, which attracts revenues of between US$70 billion and US$72 billion.
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Zimbabwe announced that it is planning to merge all diamond mining companies, including the local unit of Rio Tinto, into one big firm in which the state will own half of the shares, the minister of mines said on March 12. President Robert Mugabe's government is pursuing a black economic empowerment program, known locally as …
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In early 2016, Mugabe's government evicted all diamond mining firms, including two Chinese joint venture companies from Marange, saying their licences had expired after they declined to merge ...
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ALL seven diamond mining firms in Zimbabwe are agreeable to a merger into one giant company, where they will share 50 percent shareholding among themselves with the …
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Zimbabwe announced that it is planning to merge all diamond mining companies, including the local unit of Rio Tinto, into one big firm in which the state will own half of the …
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The Government will next year promulgate a policy to compel mining companies to disclose their Environmental, Social and Governance (ESG) plans before obtaining mining title .
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Most of the diamond fields are in Marange in eastern Zimbabwe, where production is dominated by the state-owned Zimbabwe Consolidated Diamond Company (ZCD). It is expected to produce 3.5 million ...
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Zimbabwe's diamond industry will soon be controlled by one firm as top government officials behind the country's major diamond mining …
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The Zimbabwean government said Thursday it will merge six mining firms in eastern Marange diamond fields into a single entity where the government will be the majority shareholder with 50 percent.
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Zimbabwe is planning to merge all diamond mining companies, including the local unit of Rio Tinto, into one big firm in which the state will own 50% of the shares, the minister of …
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Diamond; Zinc; Platinum; Palladium ... Europe; Asia; TNM Maps; TNM Marco Polo; Zimbabwe's top diamond mining firms agree to merge. Cecilia Jamasmie | March 17, 2015 | 4:41 am . Sign …
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Reuters reported that Zimbabwe plans to merge all the diamond mining companies in the country into one large firm that will be half owned by the state. That firm will include a …
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