ZCDC was created last year through the merger of Marange Resources, Gye Nyame, Diamond Mining Corporation and Kusena.
"There are two kinds of minerals that disappoint us -. It's diamonds and coal We capitalized ZCDC in the amount of $ 80 million, and there is a new agreement with ZCDC, according to which, after the company's capitalization diamonds automatically go into the treasury" - quoted by The Herald Finance Minister of Zimbabwe Patrick Chinamasa (Patrick Chinamasa).
"Thus, each mined diamonds will flow into the coffers through the Reserve Bank of Zimbabwe, and we think that this will improve transparency and ensure the maximum realization of revenue from diamonds," - the minister added.
Diamond companies operating in Marange concession had to leave because of the revocation of their licenses by the government.
Also demanded from them to become part of ZCDC, but Mbada Diamonds and Chinese holding OFECC, which controls the company and Jinan You Anjin, refused and filed a lawsuit against the authorities.
In February Chidakva Walter (Walter Chidhakwa), Zimbabwe's minister of mining, told Rough & Polished, that Harare has reached out of court settlement with the Chinese.
ZCDC lost in the High Court of the country a case of getting the possibility of extraction of diamonds from tailings concession Mbada Diamonds.
According Zimbabwe Independent, belonging to Mbada concession is 150,000 tons of diamond ore ready for processing.
In addition, Zimbabwe has recently paid $ 5.4 million for the Russian diamond company DTZ-OZGEO, acting in the African country to obtain its concession in the Chimanimani district.
State media claimed that ZCDC currently produces 200,000 carats per month.
Last year ZCDC produced about 900,000 carats against the peak performance of 12 million carats per year.
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According to data released by the central bank of Botswana rough diamond exports from the country increased by 2.5% in the first quarter of 2017 and amounted to about $ 850 million.
In January, the country exported diamonds to $ 243.1 million, and in February - to $ 254.2 million and $ 352.3 million in March.
Rapaport says that the increase in rough diamond exports in the first quarter due to the increase De Beers sales.
De Beers diamond sales rose by about 2% to $ 1.86 billion in the three sites, which passed during the quarter.
According to Anglo American, the parent company De Beers, a joint venture diamond company Debswana and the Botswana government has provided 75% of the rough diamond production in 2016.
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