Tuesday, June 13, 2017

Zimbabwe's government has reached out of court settlement of a dispute with OFECC, a Chinese company, which owns Anjin and Janin, which, in turn, previously developed diamond concessions in the region Marange (Marange), but that has been pushed out to pave the way for the consolidation of diamond mining in the country.
OFECC with Mbada Diamonds filed an official application to the Harare High Court to stop the absorption of its concessions, but lost the case.
Then, the company filed a complaint with the Constitutional Court, which has yet to finalize the matter.
However, the Minister of Mines Chidakva Walter (Walter Chidhakwa) said to Rough & Polished on the sidelines of an African mining conference in Cape Town that the authorities have reached an agreement out of court with the company.
"We were able to work out of court agreement We told them that they would leave, and we'll get them concessions, but they will take all of their equipment.", - he said.
Chidakva proved that the company still has not closed the case in the Constitutional Court despite the agreement.
"They have not officially abandoned the case. We have already taken a decision on the Jinan You, and now we begin the discussion of how Anjin will take a statement from the court ... All we have to do is to facilitate the process of exporting their equipment through our customs. "
Chidakva also noted that the Lebanese and Russian companies did not oppose the consolidation of diamond mining in Marange.
"We have paid for them (Lebanese) have received equipment and land (the DMC), and began negotiations with the Russian company ... I was very impressed by the fact that the Russian were not against the fact that we have decided to nationalize" - Chidakva said.
The Minister acknowledged that the actual consolidation is not over yet because of protracted legal debate and negotiations with mining companies.
"[The achievement of] an agreement on these issues has taken much longer than we expected, but I'm glad to announce that we will soon settle all issues," - he concluded.

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1 comment:

Unknown said...

The ring with a brilliant brilliant yellow diamond weighing 75.56 carats diamond cut was the most expensive commodity at the auction Christie's Important Jewels in New York. The ring, originally priced at $ 3-4 million, was sold for $ 3.6 million.
Among the leaders at the sale price were also diamond cut diamonds "Marquis" weighing 18.8 carats ($ 1.45 million), cut diamonds "Heart" color D weighing 12.75 carats ($ 965 000) and a fancy yellow diamond cut "kushon" weighing 34.12 carats ($ 725 000).
The auction house said that the auction participants actively used the opportunity to apply online. The auction was attended by buyers, among others, from Hong Kong, Indonesia, Monaco, the United States and Britain.