HomeDiamonds & GemstonesZimbabwe to lift ban on diamond exports

Zimbabwe to lift ban on diamond exports

Some of the 30 000
panners that have
descended on the
Marange diamond fields
Harare, Zimbabwe — MININGREVIEW.COM — 14 June 2010 – The government of Zimbabwe will soon lift its ban on diamond exports, and expects to trade more than 4 million carats from the controversial Marange fields.

Last month mines minister Obert Mpofu stopped all diamond exports, including from Rio Tinto’s Murowa mines and the privately owned River Ranch, until stones from the government’s Marange fields had been certified by industry regulators, according to a government Sunday newspaper.

Last week, a monitor appointed by the Kimberley Process Certification Scheme (KPCS) to assess the government’s mining operations at Marange said Zimbabwe had met the minimum conditions set by the industry regulator and could start gem exports. Zimbabwe would now lift the diamond export ban and begin the auction of its own gem stockpile of 4 million carats, which the paper said could be worth up to US$1.7 billion (R12.75 billion).

“We have met the criteria and what is now left is to start exporting the diamonds,” Mpofu is quoted as saying. “The report is good and we have to go by its findings.”
The government of Zimbabwe has partnered South African companies, Grandwell Holdings and Core Mining, to mine the Marange diamonds in two 50-50 joint ventures.

Rights groups are pushing for a trade ban on the Marange stones, alleging serious abuses by security forces deployed by the government to stop illegal diamond digging, after up to 30 000 panners descended on the poorly secured fields in 2006.

Zimbabwe came under the international spotlight following reports of widespread atrocities in Marange, and the government agreed to a process of assessment by the KPCS.

In a report released last week, but due to be presented to the Kimberley Process working group on monitoring on today,  South African monitor Abbey Chikane expressed concern over the continued presence of the army in Marange, but warned against their rapid removal, saying this could trigger illegal digging.