Gems belonging to the closed Marange diamond mine Gye Nyame Resources that were reported ‘missing’ in June have been located at the Zimbabwe Mining Development Corporation (ZMDC).
Gye Nyame Resources was a joint venture between ZMDC and Bill Minerals, represented by Ghanaian businessman William Ato Essien.
Its licence - granted in 2011 - was annulled earlier this year due to insolvency and failure to adhere to environmental requirements.
The Source quoted ZMDC acting general manager Wilson Chinzou as saying that the State firm was in possession of the alleged missing diamonds.
“Please be advised that this corporation is in possession of the parcel weighing 0,303 kilogrammes. Find attached the copy of the shipment details and signatories,” reads part of the letter written to Gye Nyame Resources’ judicial manager Winsley Militala.
Militala had told creditors last June that he could not locate the company’s diamonds, which employees claimed had been sent to the Minerals Marketing Corporation (MMCZ).
He intended to sell the diamonds to pay administration expenses and security personnel at the mine.
As at September 31 2013, the company’s assets were estimated to be worth $6.6 million while its liabilities totalled $4.4 million.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
