The 9th African Diamond Producers Association (ADPA) ordinary meeting of the Council of Ministers began here yesterday amid calls for member States to harmonise diamond policies and enhance sharing of ideas to realise value from the natural resource.
The 9th African Diamond Producers Association ordinary meeting of the Council of Ministers began here yesterday amid calls for member States to harmonise diamond policies and enhance sharing of ideas to realise value from the natural resource.
Mines and Mining Development Minister, Zhemu Soda, who chairs ADPA on behalf of Zimbabwe, said major challenges such as lack of access to financing and enablers and infrastructure and regulatory bottlenecks, have been identified as focus areas for discussion as they impact on value addition. "We will continue with presentations but so far, some challenges have been indicated and most of them are common. Most of the common challenges are on financing issues where beneficiation requires a lot of funding, especially for procurement of raw materials and processes involved hence there is a need for working capital in the process of value addition and beatification."
As ADPA chair, said Minister Soda, Zimbabwe has achieved some milestones including fostering unity among member States. "We have had challenges during our time as you might be aware, that is when the G7 countries intended to come up with their protocol on how diamonds are to be segregated and how they will be traded or marketed, which was opposed to what has been obtaining previously.
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