Chiadzwa community to become an active shareholder in diamond mining

KATANGA Mining (Pvt) Ltd, a partnership between Chiadzwa Mineral Resources (Pvt) Ltd and London Stock Exchange-listed miner Vast Resources, has approached The Zimbabwe Consolidated Diamond Company (Pvt) Ltd to form a joint venture in mining diamonds in the Chiadzwa concessions.

This is the first time the community will become an active shareholder in the mining of diamonds.

Addressing delegates at the 4th All Stakeholder Diamond Indaba in Mutare, Manicaland Province, ZCDC acting chief executive officer, Mr Roberto De Pretto, said the diamond company was in discussion with Katanga regards the joint venture with a view not only to uplift the livelihoods of the communities, but create employment as well.

Said Mr De Pretto: “We are currently in discussions with Katanga to work together under a joint venture, but a yet to sign an agreement. The move will create employment, generate foreign exchange, contribute towards the fiscus, uplift the community and increase diamond output.”

“They will not be just partners, but will also receive profits from the mining activities,” he said, adding “we are looking forward for the joint venture to be signed soon.”

The local community welcomed the development as a step in the right direction saying it will go a long way in alleviating their plight.

Meanwhile, ZCDC chief security officer, Mr Elias Mvere, told the same gathering in the eastern border town that 3 259 illegal diamond panners have been arrested from June to November this year with locals constituting 79% of the arrests.

“However, illegal diamond mining activities are set to drop as ZCDC is in strenuous efforts to engage the community to work hand in glove to stop the illegal activities,” Mvere said: “We are discouraging communities from harbouring illegal panners in the concessions.

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Once that happens, the illegal activities will definitely drop. Hasten to say, that contrary to some media reports, arrests are done by the book and there are no human rights abuses during arrests. The illegal panners are arrested and handover over to the police where they pay fines.”– ZCDC Public Relations and Community Development Department

Source www.zcdco.com/illegal-diamond-mining-activities-set-drop


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