Zimbabwe: U.S$13,5 Million Paid to Diamond Firms

ABOUT $13,5 million has been paid to local diamond companies whose gems were auctioned at the Dubai Stock Exchange in March this year, a senior official has said. Only three out of seven diamond miners have been fully paid while the others are yet to receive their full payments due to "logistical challenges" that affected the firm that facilitated the sale of about 400 000 carats on behalf of the Government, Mines and Mining Development Minister Walter Chidhakwa told The Herald Business.

The sale realised about $30 million, but there are challenges in redeeming all the money. Of the companies that were fully paid up DMC received $2,7 million, DTZ-OZGEO, $845 486 and Kusena got $60 563. Anjin was partly paid $9,8 million. Those still owed are Marange Resources, $4,35 million, Mbada Diamonds, $2,67 million and Jinan $ 8,8 million.

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