Chiadzwa trust, Vast Resources partner in diamonds mining

website.

It said further details regarding the project would be released to the market in due course.

In 2016 companies that previously mined diamonds in the Chiadzwa area of Marange were merged as Government established the Zimbabwe Consolidated Diamond Company (ZCDC) with a view to promoting transparency in the Manicaland gemstones operations. Government is in the process of finalising a diamond policy to ensure the mining subsector harnesses its full potential and benefits the masses.

Last December, Cabinet approved the Zimbabwe National Diamond Policy, which is expected to regulate the diamond mining sector and ensure accountability in the mining, processing and selling of the precious mineral.

The policy will see only ZCDC, Murowa Diamonds and other companies to be approved by Government undertaking diamond exploration and mining in the country.

The policy covers all stages of the diamond value chain, namely exploration, mining, processing, valuation, marketing, beneficiation, value addition as well as issues of security and law enforcement.

It is also hoped that under the envisaged diamond policy, any other entity or person with diamond mining title will be allowed to approach any one of the approved companies for joint venture arrangements.

Under the proposed diamond policy, private players will also participate in value addition after cleaning and sorting and after obtaining the necessary approvals.

Ten percent of diamonds will be reserved for local value addition. — @okazunga