Anjin says multi-million dollar infrastructure now lying idle after forced closure
ANJIN Investments says investments it made into diamond mining infrastructure in Chiadzwa and its new Sorting complex in Harare are now a write-off as the infrastructure is under-utilised and lying idle following Government’s directive to stop operations in the area.
Addressing a press conference Anjin board member Munyaradzi Machacha also denied allegations that it smuggled 3. 7 million carats of diamonds, worth $200 million from Chiadzwa to Shanghai in China.
“Significant investments were made in good faith, running into millions of dollars for world class mining infrastructure at Chiadzwa and the new Anjin Complex that houses the KPCS-approved diamond Sorting Centre in Harare.
“The investment was necessary so as to adequately equip the company in order for it to play a meaningful role in national economic development. Regrettably the investment has been under-utilised over the last three years and currently lying idle following the unfortunate directive to stop operations,” he said.
Anjin and other diamond mining companies which include Mbada and Gye Nyame were ordered to shut operations after showing resistance to plans by Government to consolidate the Chiadzwa diamond mining companies into one single company.