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River Ranch to export diamonds from Zimbabwe, says Ministry of Mines
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RIVER Ranch Limited says it will start exporting diamonds following the conclusion of discussions with the Ministry of Mines and Mining Development, and the Minerals Marketing Corporation of Zimbabwe, executive director George Kantsouris has said.
At a recent press conference, the River Ranch legal advisor, retired Justice George Smith, said that River Ranch was the lawful holder of the Special Grant 1278, giving it the greenlight to mine and export the diamonds. |
The Special Grant 1278 is at the centre of a dispute between River Ranch and Bubye Minerals. In early December, High Court Judge Lawrence Kamocha, threw out an application by Bubye to compel the Minister of Mines and Mining Development to reverse his decision to cancel a special grant to the mine on the grounds that it had not been properly ceded to them by the owners, River Ranch Ltd.
But Bubye has since filed a notice of appeal in the Supreme Court, and the Bubye owners are arguing that despite an Interim Order granted by Justice Bharat Patel, upholding Bubye Minerals' right to Special Grant 1278, both the Ministry of Mines and the police have failed to implement that Order, condoning the illegal exploitation of the mine by River Ranch Limited.
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