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(TALKZIMBABWE) Chinese company produces 1mln carats

Chinese company produces 1mln carats
By: Our reporter
Posted: Friday, April 8, 2011 5:15 am

CHINESE mining company Anjin has produced 1 million carats of diamonds so far from a mine in Marange district. The diamonds are currently awaiting approval by the global diamond regulator, the Kimberley Process.

Anjin, the second Chinese mining company operating in the Marange area, started mining in October last year.

Government says it has sold $313 million worth of diamonds produced by two companies in Marange since last year.

There are five firms with licences to operate in Marange, two of them Chinese.

"Anjin are stockpiling, and they now have about 1 million carats.

"They are now waiting for inspection and certification from the Kimberly Process to start exporting," Gift Chimanikire, deputy mines minister said on Thursday..

Government, meanwhile, has said companies in Marange, including Anjin, will be exempt from regulations published last month that require mining companies to submit plans on how they intend to transfer control of a majority of shares to indigenous people within six months.

Labels: CHINA, DIAMONDS, MARANGE DIAMOND FIELDS

posted by MrK @ 1:10 AM