VAST Resources (Vast) says the High Court of Zimbabwe has ordered the release of its 129 400 carats of rough diamonds, which have been in the custody of the Reserve Bank of Zimbabwe (RBZ) since 2010.
In statement last week, the company said the court had granted a default order against the country’s Mines minister relating to the diamonds.
“Despite taking longer than anticipated, I am very pleased to announce that after many years of hard work and discussion with the Zimbabwean government, the matter regarding the release of the historic parcel has now been amicably settled in a manner supported by an order of the High Court of Zimbabwe,” Vast chief executive, Andrew Prelea, said.
“This demonstrates the Zimbabwe government’s and in particular His Excellency, President E.D. Mnangagwa’s commitment to resolving legacy issues related to investment in Zimbabwe in a transparent and legal manner for the mutual benefit of investors and the country,” Prelea said.
He further highlighted that the final quality assortment of the parcel will be determined when the stones are in the company’s possession and can be independently cleaned and
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