Zimbabwe Diamond Firms 'Scared of Opposing' Merger Proposal

Mining and Exploration
26/03/2015 08:57

Zimbabwe's Minister of Mines and Mining Development, Walter Chidakwa, told parliament earlier this month of a plan to merge all the diamond miners in the country into one consolidated firm to be called the Zimbabwe Consolidated Diamond Company in which the government would take a 50% stake. Some of the diamond mining firms operating in the country are reportedly “afraid of saying no” to the proposed merger.