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Home » ZCDC calls for a 5 percent royalty cap
National Report

ZCDC calls for a 5 percent royalty cap

written by Adelaide Moyo, Group Managing Editor 0 comments
ZCDC is currently operating two open pit operations in Chiadzwa and Chimanimani.
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THE Zimbabwe Consolidated Diamond Company (ZCDC) has called for the slashing of diamond royalties by half, to five percent of total sales, to circumvent a mounting viability crisis triggered by a collapsed international diamond market. The diamond miner is pushing for a review of the foreign currency retention threshold on export sales from 70 percent…

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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency volatility, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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