Industry News by Nemesis

ZCDC Says Illegal Diamond Mining a Cause For Concern

June 5, 2018

The Zimbabwe Consolidated Diamond Company (ZCDC) said the illegal mining of diamonds in Marange by artisanal miners is a cause for concern as this has resulted in fatalities that affected the image of diamond mining in the country.

 

 Morris Mpofu                                                                                                                           Image credit: ZCDC

Company chief executive Morris Mpofu said Harare should deal with illicit trade in diamonds by black market syndicates that were bankrolling the illegal miners.


“Most of the illegal miners are not from [Marange] and they usually come prepared to pay a $30 fine if they are caught because they are funded by the illegal market,” he was quoted as saying by the Herald.


“As long as we don’t address the challenge of black market in the diamond industry, we will continue to have problems compromising product security. These people are impacting on the value of the diamond that is benefitting the community so we need to work together to stop them.”


He also said that there was need for cooperation of all stakeholders to restore the integrity of diamond mining and bring sanity to the sector. 


“The global stakeholders such as the Kimberley Process Certification Scheme, the World Diamond Council and the African Diamond Producers’ Association are key watchdogs to ensure that there is sanity in the mining of diamond,” he said.


“So, what is important is for us as a collective unit to have one common objective – to preserve the integrity of the diamond mining in the country so that our diamonds can be sold internationally. We need to engage each other when there is a threat to that integrity.”

 

Source: Rough&Polished

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