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Zimbabwe to offer diamond mining licence to two firms

From mining-technology.com

The Zimbabwean government is reportedly set to open the diamond mining industry to two new private companies, whose identities were not disclosed. The new companies will be able to undertake exploration and mining operations, Zimbabwe Mines Minister Winston Chitando was quoted by Reuters as saying. With this move, the number of private companies operating in the country’s diamond mining sector will increase to four. The decision was taken as part of a new mining policy which was adopted at a cabinet meeting. Chitando stated that any company or person with title for diamonds would need to forge an alliance with the ... (full story)

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  • Category: Fundamental Analysis