A Zimbabwean court has allowed the largest diamond mine in the Marange fields to return and assume control of all assets after challenging government’s decision to stop mining operations.
Zimbabwe’s mines minister on Feb. 22 ordered all nine companies operating in the diamond fields in the east of the southern African country near Mozambique to stop mining and leave because their license had expired.
Mbada Diamonds, a 50/50 venture between the government and Mauritius-registered Grandwell Holdings, on Monday won a reprieve from the High Court, which ruled that Mbada should have full control of its assets.