HARARE Zimbabwe (Xinhua) --
Zimbabwe has resumed diamond auctions after a
one-year beak, with a test sale that closed last week realizing
829,067 U.S. dollars.
Winston Chitando refused to disclose the amount of gems sold at
the test sale, but indicated that the country had accumulated a
stock pile of 1.558 million carats during the break from March
to December 2017 which will now go for sale in March and April,
The March sale will
run from March 5 to 16, the minister said.
He said the test
sale was attended by 13 out of 49 invited international buyers
drawn from countries including Belgium, Botswana, Dubai, India,
and South Africa.
“This sale was meant
to test the market and to appreciate the economic forces at play
in the market environment,” Chitando told a press conference.
Zimbabwe Consolidated Diamond Company, formed by government in
2016 after the consolidation of seven firms that were mining
gems in Marange in eastern Zimbabwe, is mining the gems.
He said the ZCDC was
expected to conduct regular diamond auctions throughout 2018 and
that the ZCDC and the Minerals Marketing Corporation of Zimbabwe
were working on a sales calendar to enable diamond buyers to
plan in advance.
“The tenders are and
will be conducted on the basis of a reserve price,” the minister
According to the
minister, the ZCDC suspended diamond sales in March 2017 to
facilitate reorientation and capacitation of downstream value
management processes as well as to ensure adequate time to align
the country’s value addition, marketing, and sales framework to
international best practice.
production has been declining over the years from about 12
million carats in 2012 with miners citing dwindling alluvial
The country said
last week it was talking with neighboring Botswana, which has a
far more developed diamond industry, to assist it in adding
value to its gems which are currently being sold in raw form.
Zimbabwe president commissions
equipment to help revive state rail company
HARARE Zimbabwe (Xinhua) --
Zimbabwean President Emmerson Mnangagwa on
Wednesday commissioned railway equipment under a 400 million
U.S. dollar investment deal with South Africa’s rail utility
Under the deal to
revive the country’s dilapidated rail system, state railway
company the National Railways of Zimbabwe (NRZ) will get 13
locomotives, 200 wagons and 34 passenger coaches as part of
government efforts to recapitalize the company.
commissioned the first batch of the equipment comprising more
than half of the equipment and its delivery comes after Transnet
last year struck a deal with the Zimbabwe Diaspora
Infrastructure Development Group.
the delivery of the refurbished equipment, saying it will help
in the revival of the economy through improving efficiency in
transportation of both cargo and passengers.
“This development is
commendable as it resonates well with our vision to grow our
economy,” the president said at the launch of the equipment in
Zimbabwe’s second largest city of Bulawayo.
He said an efficient
rail system was essential to growing Zimbabwe’s economy and also
helped to integrate the country into regional markets.
government’s commitment to modernizing the country’s railway
system and building of new rail networks which penetrate into
would not only benefit the country but the region as a whole, he
Joram Gumbo said the rest of the equipment under the deal was
expected in the country before end of April.
He said the deal
offered a comprehensive solution to the recovery of NRZ, which
requires 1.7 billion U.S. dollars to be fully recapitalized.
“The situation on
the ground requires urgent attention as NRZ is a critical
enabler to the growth of our economy. All the investors that we
are attracting require a viable railway system to support
anticipated growth in import and and export traffic,” he said.
AU says to offer electoral
support to Zimbabwe
HARARE Zimbabwe (Xinhua) --
The visiting African Union Commission chairperson
Moussa Faki Mahamat on Tuesday concluded his three-day visit to
Zimbabwe and said the AU will offer technical support to help
Zimbabwe conduct polls set for mid this year.
“The AU stands ready
to support Zimbabwe in the electoral process. A team from the AU
will be coming to Zimbabwe to work with the organization
responsible for elections,” Mahamat said at a joint press
conference with foreign affairs minister Sibusiso Moyo.
He said the AU will
mobilize partners to offer financial and technical support for
the elections which come after a peaceful transition of power
Robert Mugabe resigned in November last year after a military
intervention and was replaced by President Emmerson Mnangagwa.
Mahamat hailed the
peaceful transition and said as part of its responsibilities,
the AU will offer technical support to the transitional
government to ensure peace and stability in the country.
“The transition was
publicly supported by the people of Zimbabwe so we are here to
support the authorities,” he said.
During the visit,
Mahamat, who was accompanied by the AU commissioner for
political affairs Minata Samate Cessouma, met Mnangagwa, some
cabinet ministers and paid a courtesy call on Mugabe. Cessouma
held discussions with officials from the Zimbabwe Electoral
Mahamat said he
exchanged views with Mugabe who explained to him the reasons why
he resigned after 37 years in power. Mugabe, he said, told him
that he had resigned to ensure peace and development of
Mahamat said he had
taken stock of the situation in Zimbabwe as well as assessing
the country’s preparedness to hold the upcoming elections.
“I am generally
satisfied with the visit and discussions we have had and also
the authorities of Zimbabwe have committed themselves to various
actions to open up the political and democratic space to ensure
that free, fair, transparent and credible elections are
organized in the country,” he said.
Moyo said the AU
chair noted that the successful holding of free and fair
elections would help end Zimbabwe’s isolation and unlock
assistance from the international community.