THIS week the Zimbabwe Independent — which in December last year began publishing fresh stories based on our ground-breaking investigation into the Marange alluvial diamonds discovery and subsequent looting — will start focussing on companies that were involved in the mining of diamonds. Attention will be on how these companies came about, their roles, ownership structure, production levels and other matters associated with their presence until they were forced out of Chiadzwa in February last year.
By Elias Mambo/ Obey Manayiti
This special series is supported by the Investigative Journalism Fund and will continue for months.
Mbada Diamonds (Private) Limited, which became the biggest mining company in Marange, is a limited liability company incorporated under the laws of Zimbabwe on August 13 2009 under registration number 417/2009.
Initially referred to as Condurango Investments trading as Mbada Diamonds, the company was owned 50% by Marange Resources, a Zimbabwe Mining Development Corporation (ZMDC) subsidiary, while the other 50% was owned by Grandwell Holdings Limited, a subsidiary of the New Reclamation Group of South Africa.
Source : The Zimbabwe Independent
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