New Zimbabwe.com

MMCZ seeks partners for gem polishing

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has revealed it is in the hunt for partners to set up diamond cutting and polishing centres in the country.
The MMCZ announced early this year it had engaged several firms from China, Hong Kong, Dubai and Israel that have expressed interest in expanding business interests in the country.
Zimbabwe is keen to set up a diamond polishing and cutting industry to derive maximum benefits from the industry after the discovery of huge deposits of precious stones in the Marange area of Manicaland.
MMCZ deputy general manager Richard Chingodza said negotiations with interested parties were still on-going.
“We are still working on it but there is not much progress at the moment,” he said.
“If all goes well we will be working with some of the biggest cutting and polishing companies in the world so they can set up factories in the country.”
Zimbabwe is the seventh largest producer of diamonds in the world and has potential to supply 25 per cent of global demand.
Presently, four diamond mining firms are operating in Zimbabwe’s Marange diamond fields: Mbada Diamonds, Marange Resources, Anjin and Diamond Mining Corporation.
MMCZ is a wholly owned government parastatal under the ambit of the Ministry of Mines and Mining Development.
It is the exclusive agent for selling and marketing of all minerals produced in Zimbabwe except gold and silver.Advertisement