EU lifts sanctions against Zim diamond company
JOHANNESBURG (miningweekly.com) – The World Federation of Diamond Bourses (WFDB) on Thursday welcomed the European Union’s lifting of restrictive export sanctions against the Zimbabwe Mining Development Corporation (ZMDC).
WFDB president Ernie Blom said that allowing diamond mines that were fully or partly owned by the ZMDC to sell their diamonds to European markets made it possible to formalise diamond exports and mining operations in Zimbabwe.
This would enable Zimbabweans to benefit from the country’s rich mineral resources and would mitigate any illegal exports.
The sanctions were initially implemented owing to ZMDC’s alleged channelling of funds to the ZANU-PF political party.
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