Zimbabwe Court Returns 129,400-ct Diamonds to UK Miner

By John Jeffay / February 08, 2023 / www.idexonline.com / Article Link

(IDEX Online) - A parcel of 129,400-carats of rough diamonds that has been at the center of a 12-year dispute in Zimbabwe is to be returned to UK miner Vast Resources.They'd been in custody of the Zimbabwean Reserve Bank since 2010. Vast is preparing to sell the diamonds through a tender once it receives a signed order from the High Court of Zimbabwe.It began formal proceedings to recover the gems last December. The court granted a default order earlier this week against the Minister of Mines and Mining Development.Andrew Prelea, Vast's CEO said: "Despite taking longer than anticipated, I am very pleased to announce that after many years of hard work and discussion with the Zimbabwean Government the matter regarding the release of the historic parcel has now been amicably settled in a manner supported by an Order of the High Court of Zimbabwe.Generic pic of rough diamonds.

Recent News

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com

US a major market for Canadian mineral exports

November 11, 2024 / www.canadianminingreport.com

Gold stocks down along with broad equities decline

November 04, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok