Mbada wants the court to remove the Ministry of Mines from its concession and force the government to renew its license.
Analysts say the latest move by President Robert Mugabe's government could further tarnish the country's image as a risky investment destination, with investors already unnerved by Mugabe's drive to force foreign-owned firms to sell majority shares to locals.- TR
See also:
Diamond firm plans to sue Zimbabwean government over gem mining ban
Murowa says it is not part of Zimbabwe’s diamond nationalisation plan
Don’t politicise Zimbabwe diamonds says Mbada boss
Blom tried to rope in Mbada Diamonds’ Robert Mhlanga but deal flopped
ACR boss said Mbada could increase diamond production 10-fold
(160 VIEWS)
This post was last modified on March 1, 2016 5:41 pm
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