ZMDC to stave off Amari threat

THE Zimbabwe Mining Development Corporation (ZMDC) has dispatched a team to Belgium to ward off moves by a South African company to attach proceeds from the diamond sales at the Antwerp World Diamond Centre (AWDC).

This comes after Amari won a temporary relief to freeze the proceeds from the auction.

The company took Zimbabwe to the International Court of Arbitration with a $500 million lawsuit after Harare had cancelled its joint venture with ZMDC in 2010.

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