- Published on 06 April 2017
Government has engaged Chinese investors for an out of court settlement after the latter referred the consolidation of the Chiadzwa diamond claims to the Constitutional Court (ConCourt).
The two parties have been embroiled in a nasty battle over the consolidation and control of diamond concessions under Anjin Investments and Jinan Mining into the Zimbabwe Consolidated Diamond Company (ZCDC). Anjin and Jinan are owned by Anhui Foreign Economic Construction Company (AFECC) and the State through the Zimbabwe Mining Development Corporation (ZMDC). ZMDC and AFECC both have a 50 percent stake in the two companies. (Financial Gazette)