Head of Zimbabwe Consolidated Diamond Company (ZCDC) Nyashanu Ridge (Ridge Nyashanu) may be dismissed due to the fact that diamond mining in Zimbabwe remains disappointingly low.
In the first six months of this year in Zimbabwe produced 972 765 carats of diamonds against the target of 6 million carats, said a government official.
Since March this year ZCDC is the only producer of diamonds in Marange (Marange), Zimbabwe.
Newsday reported that the state-owned company is currently looking for a new CEO to change the negative trend.
However, senior officials of the Ministry of Mines opposed the proposal.
"Nyashanu has the support of the minister, but the board decided to dismiss it is assumed that starting this week it will operate on the territory of the mine itself, to pave the way for other directors, but he still had not been fired." - said an unnamed source.
"The problem with ZCDC that was hired by many people, but they do not have the necessary knowledge and skills There is also too much interference in daily operations at the mine There is a disunity and lack of clarity as to how the company should work.." - he added .
With the company replaces the Chief Executive Officer for the third time ZCDC started in February this year.
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The meeting of the Supervisory Board of "ALROSA" (PAO) will be held April 28, 2016. It is planned to pre-approve the Annual Report and financial statements of ALROSA for 2015, as well as the auditor for the audit of the consolidated financial statements of the Group ALROSA. This was reported in a press release received by Rough & Polished on Friday.
The Supervisory Board will also decide on convening and agenda of the Annual General Meeting of Shareholders of Alrosa, and the recommendations of the participants of the meeting on profit distribution, the amount of dividends and payment procedure as a result of activity in 2015.
In addition, members of the Supervisory Board will discuss the issues related to the disposal of non-core assets, the results of the procurement activities of the company over the past year and approval of the policy of charity and sponsorship activities. It planned to discuss other issues of the current activities of ALROSA.
At the end of the meeting of the Supervisory Board is scheduled to hear a report on the implementation of innovative development programs and technological modernization of ALROSA in 2015.
The meeting will be chaired by the Chairman of the Supervisory Board A. G. Siluanova, with the participation of First Deputy Prime Minister E. A. Borisova and Deputy Chairman A. Galushki.
ALROSA - the world's largest diamond producer by volume in carats. The company is engaged in the exploration, production and sale of diamonds. ALROSA conducts diamond mining in the Republic of Sakha (Yakutia) and the Arkhangelsk region. In 2015, the Company produced 38.3 million carats of rough diamonds. The growth of diamond reserves "ALROSA" Group amounted to 43.6 million carats.
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