Creditors Confident As Zimbabwe Merges Marange Diamond Firms

Finance and Trade
08/08/2015 09:00

Creditors of a defunct diamond mining operation in Zimbabwe are confident efforts to resuscitate the mine are not in jeopardy, despite the government’s decision to merge all diamond companies under one entity in which the state would own a 50 percent stake. Mines Minister Walter Chidhakwa announced the consolidation of all seven mining operations in the Marange area – including Gye Nyame which is under judicial management – and which should be completed before year-end.