Zimbabwe Consolidated Diamond Company (ZCDC)

Zimbabwe Consolidated Diamond Company (ZCDC) and Townsend Enterprises dispute over Gache-Gache rich gold deposits

Posted on August 23, 2016August 23, 2016 by newzimbabwevision

A CLASH is brewing between the Zimbabwe Consolidated Diamond Company (ZCDC) and Townsend Enterprises over the extraction of gold at the where gold deposits worth millions of US dollars were discovered by the latter as it has emerged that the state-owned concern is gradually forcing out the private company. Townsend Enterprises was last year sub-contracted by the Zimbabwe Power Company (ZPC) to supply sand to Chinese firm Sino Hydro for the construction of Kariba…

‘Allowing Mbada Diamonds, To Mine As Before, Right Expired, Is To Sanction An Illegality’-High Court

Posted on March 17, 2016March 17, 2016 by newzimbabwevision

THE government’s decision to forcibly close Grandwell Holdings (Mbada Diamonds) mining operations in Chiadzwa, has been castigated by the High Court as an act against the rule of law. But in his 21-page judgment, Justice Joseph Mafusire ruled that the mining firm cannot continue operations until the validity of its special grants has been regularised in accordance with the law. Grandwell Holdings, who are the major shareholders of Mbada Diamonds, had filed an application last…