Zimbabwe Diamond Firms Face Closure After Drastic Fall In Output

The government is unlikely to renew mining licences for all diamond mining companies in Chiadzwa because they defaulted on their fees and did not show intentions to renew their papers, parliamentarians heard yesterday. Mines and Mining Development Minister Walter Chidhakwa told Members of Parliament and ministers attending a pre-budget seminar in Victoria Falls that diamond output had drastically dropped in the past few years. He also told the MPs that Hwange Colliery management could soon…

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