20 February 2018
Tsvangirai: Chaos over burial rituals
PICTURE: AU chief meets 'happy' Mugabe
'Gem dealers pretend to be refugees'
No civil service wage hike: Chinamasa
Moyo, Zhuwao blast AU for ED support
Chamisa rejects MDC-T congress demands
- Maintains he was anointed by ex-PM
Thousands bid Tsvangirai farewell
Stay out of politics, foreign warned
Govt plans tobacco, gold diaspora bonds
Actress new Miss Zim licence holder
How exile shaped Hugh Masekela
Rusike still has Europe in his sights
'Liverpool squad best I've coached'
New era: Changing Zimbabwe’s past
When Zimbabwe was world's freest economy
MDC-T succession: heads or tails?
Tamborinyoka on boss Tsvangirai
High Court strips ACR of Marange claim
07/09/2010 00:00:00
by Staff Reporter
Contested ... A man processes raw diamonds
Gemmology center in Mutare soon
UNDP: Zim so rich it can be Africa's NO 1
Diamonds funding state terror: global group
Gvt says diamonds sector dead, engages Chinese
Marange villagers still wait for compensation
De Beers’ Marange ‘looting’ files missing
De Beers maintain Marange denial
NGOs step-up anti-Marange fight
Israeli diamond smuggler expelled
Israelis held over diamonds
Zim blasts 'jealous howling' over Marange
Europeans keen on Zim diamonds
Zim boycotts new KP talks
Africa diamond producers blast KP
Kurotwi freed on technicality
Diamond execs deny fraud
Chiadzwa swindle 6 in court
Zim defiant after KP stalemate
KP maintains Zim diamond embargo
6 held over $2bn Marange fraud
AAG says KP future at stake
Australia, US pose KP roadblock
Diamond exports to resume: Mpofu
AAG joins Marange fray in Israel
'Nasty fight' expected over Marange
Mpofu claims new diamond discoveries
Miners to sell 10pc diamonds locally
Second diamond auction held
Diamond sales secrecy declared
Zim to polish, cut own diamonds
Zim eyes $2bn annual diamond windfall
Indian buyers bought 83pc auction diamonds
Mpofu dismisses US group's Marange ban
Diamond auction raised $72 million
Diamond geezers arrive for auction

THE High Court has cleared the last hurdle in the Zimbabwe government’s bid to wrest back total control of the Marange diamond fields after stripping a British company of the claim it awarded in September 2009.

African Consolidated Resources (ACR) said it will immediately appeal to the Supreme Court against the rescission adding that the appeal should have the effect of suspending the judgment.

ACR bought the Marange project from De Beers in March 2006 but was evicted in October of that year by the government, who took control of the fields through the state-owned Zimbabwe Mining Development Corporation.

After appealing the eviction, the High Court confirmed in September 2009 the validity of ACR’s mining claims. However, ZMDC proceeded with its operations at the mine forging partnerships with Mbada Miners and Canadile Diamonds of South Africa to operate the mine.

On Monday, Justice Charles Hungwe ruled that ACR had concealed important information in the September 2009 case that its subsidiaries were not yet registered at the time of obtaining the mining rights.

“Only a person can be granted a prospecting licence. Since none (of the subsidiaries) was incorporated, there was no person to release a certificate of mining,” Hungwe said.

He concluded that ACR’s subsidiaries were guilty of fraud through misrepresentation.

Hungwe, who delivered the September 2009 judgment, also noted that the Marange area had been reserved against prospecting at the time that ACR sought the mining claim which was displayed at the Mining Commissioners’ notice board.

London-based ACR said it will issue a more detailed response to the judgment on receipt and analysis of the written judgment.


Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it






Face Book



comments powered by Disqus
RSS NewsTicker