The Parliamentary Portfolio Committee on Mines and Mining Development says investment in the Zimbabwe Consolidated Diamond Company by Vast Resources will lead to increased productivity.
Speaking to the Great Dyke news, committee’s Chairperson Honourable Edmund Mkaratigwa said the investment will provide revenue, profits, a better economic powerhouse in the mining sector and equally no dividends that can actually be derived by partners.
He added that the ministry needs further support to unlock more opportunities and stakeholders need to start seeing the value of such agencies.
Zimbabwe Consolidated Diamond Company (Pvt) Ltd (ZCDC) is a diamond mining company wholly owned by the Government of Zimbabwe. The Company has mining operations in Manicaland in Mutare’s Chiadzwa area and in Chimanimani.