Zimbabwe's Proposed Marange Restructuring Stalled

Harare: Marange diamond miner Anjin Investments Ltd. has reportedly stalled the Zimbabwe government’s intended consolidation of Marange diamond companies. As of last week, Anjin’s top management, which recently visited Zimbabwe from China, was yet to meet with officials from the mines ministry to finalize evaluations of company’s operations. The ministry had originally projected briefing Anjin chairperson Jiang Qingder on the new restructuring by the second week of May, reports The Zimbabwean.

Mines Minister Walter Chidakwa reportedly said the consolidation process would now take longer than anticipated because still documents had to be agreed to by both parties.

“As government, what we have done is to initiate discussions over the consolidation process. Remember, there is an agreement signed with Anjin. This requires us to sit and discuss with them first. I can’t give a timeline on when the process will be finalised, it’s very difficult to tell,” said Chidakwa, as quoted by the news source.