Zimbabwe wants state mining

Harare, Zimbabwe — MININGREVIEW.COM — 15 July 2010 – The government of Zimbabwe would like to have all alluvial diamond mining in the country conducted by the state, says finance minister Tendai Biti.

Delivering his mid-term budget speech in parliament here, Biti said: “There is consensus in government that there has to be a new Diamond Act that stipulates that alluvial diamond mining in Zimbabwe is to be conducted by and through the state.”

Alluvial diamonds are diamonds that have been removed from the kimberlite by natural erosion and deposited in new environments such as river beds, the ocean floor or a shoreline.