Business

Diamond workers launch strategic plan

NewsDay Staff ·

Diamond workers launch strategic plan

THE Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has implemented an action and strategic plan focused on workers’ rights and industry growth.

Zimbabwe is a mineral-rich country with over 60 different minerals including the platinum group metals, chrome, gold, coal, diamonds and lithium, accounting for about 12% of the country’s gross domestic product.

However, gross corruption, policy inconsistencies, high taxes and royalties, unattractive investment policies and mineral smuggling have kept the nation from fully realising the sectors earnings potential.

This story is for NewsDay subscribers.

Discover more from Newsday

Subscribe now to keep reading and get access to the full archive.

Continue reading