NEWS
Precious Metals  

Zimbabwe’s government to give mining claims to artisanal diamond miners

The president of Zimbabwe Miners Federation, Henrietta Rushwaya, announced that villagers living around the Marange diamond fields in the eastern Manicaland province will be allocated claims to extract gems as part of government plans to empower the communities through mining.

During a meeting with members of the regional miners association, Rushwaya said her office approached state-owned Zimbabwe Consolidation Diamond Company regarding the allocation of mining claims to their membership in Marange. Her approach, she said, is based on the fact that the Emmerson Mnangagwa government has availed $150 million towards the development of artisanal mining in the country.

Local media reports that the executive considered the concessions in Marange an urgent matter because most of the gems in the area are currently being extracted by illegal panners from the towns of Shurugwi, Buhera and Matabeleland.

Given this situation, villagers in Marange and civic organizations reached out to her and, at the same time, have publically expressed their discontent over the ZCDC’s failure to help develop the district.

News No: 2465
Date: 2018/10/28 - 21:59
News Source: MINING.COM

Zimbabwe  diamond  ZCDC 

Comments:

Leave a Comment:

   
   
   
 

Mountain Province stock takes off on 74% diamond resource increase

Shares of Mountain Province Diamonds Inc. (TSX and NASDAQ: MPVD) surged on Thursday after releasing its latest mineral resource estimates at the Faraday 2 kimberlite, located within the Kennady North Project, NWT, Canada. The stock rebounded by more than 12% at the open in Toronto, lifting the company's market capitalization to over C$256 million.
 

Stornoway Diamond halts open pit operations at Quebec mine

Shares in Canada’s Stornoway Diamond Corp. (TSX:SWY) fell on Tuesday after it announced that it would halt operations at its Renard 65 open pit mine, in the Canadian province of Quebec.
 

Firestone finds another massive diamond at Lesotho mine

Africa-focused Firestone Diamonds (LON:FDI) has dug up a 72-carat yellow, whole makeable diamond at its Liqhobong Mine in Lesotho, the second one over 70-carat it has found this year.
 

Investor sentiment in diamond mining stocks makes for a contrarian play

On Alrosa’s (MICEX: ALRS) Capital Markets Day on March 18th, the company said the most frequently asked questions it gets during 1-on-1 meetings with investors are those related to the impact that “synthetic” diamonds will have on the business.
 

Firestone Diamonds halts Liqhobong mine expansion plans, limits losses

Africa-focused Firestone Diamonds (LON:FDI) has put plans to extend the life of its 75%-owned Liqhobong mine in Lesotho on the back burner, saying that current market conditions don’t support the project.
 

Polish looking for ‘Nazi Gold Train” finds another kind of treasure

More than three years after two treasure hunters claimed to have found a Nazi train laden with gold and gems in the Polish city of Walbrzych, one of the men looking for it has unearthed another kind of treasure: two dozen priceless Renaissance portraits.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners