Menu Click here
website logo
Sign In| Sign Up
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
MY IDEX
My Bids & Asks My Purchases My Sales Manage Listings IDEX Onsite Company Information Branches Information Personal Information
Logout
Newsroom Full Article

Mining Companies In Marange To Slash 400 Jobs

July 01, 14 by Albert Robinson

(IDEX Online) – Diamond mining companies operating in the Marange diamond deposits in Eastern Zimbabwe will this week lay off more workers in a move will result in more than 400 job losses.

 

Chinese companies Anjin and Jinan are among the companies that have ceased mining and will be shutting down because alluvial diamond deposits at Marange have run out, news reports cited worker's unions as saying.

 

The companies first reported depleting alluvial diamond deposits last year. They asked the government to allocate them new mining areas, claiming they did not have the necessary expertise or technology to drill below the ground surface for diamonds.

 

There are seven diamond mining companies operating in the area.

 

Companies have begun handing out employment termination notices to workers and employees are being laid off without any benefits, according to union officials, allafrica.com reported.

 

Farai Maguwu of the Center for Natural Resources Governance NGO said the dismissals were inevitable. "Companies have been downsizing their labor force for a long time now. We expected this since it was reported that diamonds are running out.

 

"The question is how the workers are being laid off? Are they getting what is due to them? Is the government ensuring that the workers are not getting a raw deal."

 

Maguwu added that it was difficult to determine exactly how many workers were being laid off due to the secretive nature of the diamond mining industry.

Diamond Index
Related Articles

Zimbabwe Ruling Party Running Diamond Sector like ‘Mafia’

June 26, 14 by Danielle Max

Read More...

Zim Miners Told To Sell Diamonds Via Central Bank To Enable Govt Loan

May 26, 14 by Albert Robinson

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.
Our Services About IDEX Privacy & Security Terms & Conditions Sign-Up Advertise on IDEX Industry Links Contact Us
IDEX on Facebook IDEX on LinkedIn IDEX on Twitter