News

Zimbabwean court allows one company to resume control of assets

diamond world news service

Pursuant to the government of Zimbabwe ordering mining companies in Marange to close shop immediately, a court in Zimbabwe has permitted one company, to take control of its assets, as per reports. The said company is Mbada Diamonds, a joint venture between the government and Mauritius-registered Grandwell Holdings, as per reports.

The government had ordered the nine companies operating in Marange to leave owing to expiration of their license.

Mines Minister Walter Chidhakwa plans to appeal the decision through the Attorney General, and stands firm on the decision of the government. Mbada is seeking that the court remove the ministry of mines from its concession and force the government to renew its license, as per reports.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Mother's Day 2024 - Jewellery Spending Holds Strong Amidst Evolving Gift Trends

De Beers is contemplating a decrease in LGD prices with its Lightbox jewellery brand

Malabar Gold & Diamonds Launches its 350th Global Showroom at Naperville, Illinois in the USA

Sotheby’s Paris Presents Jewellery Auction Featuring Spanish Socialite’s Collection

GIA India Holds Graduation Ceremony for Gemology Students in Mumbai