Anjin says multi-million dollar infrastructure now lying idle after forced closure


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.

Machacha said the export in question was done above board after having acquired all relevant documentation.

Machacha said the government was fully involved in the tendering process and valuation of the diamonds and minister Sydney Sekeramayi signed the export permits in his acting capacity then.

“The carats involved were not 3. 7 million, but 3. 37 million and $112 million was realized from the sale, well below the sensationalized figure of $200 million,” he said.

“As Anjin we have no control over what the buyers decide to do with the purchased diamonds and we therefore got nothing to do with the placement of diamonds on the Shanghai financial services hub by the customer whether real or fictional. What is important is that it was an ordinary export that met all requirements, including the remittances to government of all taxes and fees from the sale proceeds.”

Machacha said the aircraft used by Anjin to ferry diamonds from Chiadzwa to its Harare sorting office was, at all times, cleared by relevant state organs and always carried on board representatives from various state agencies.

“For the record the aircraft has never left Chiadzwa directly for a foreign destination and this can be corroborated by cross-checking with the Civil Aviation Authority of Zimbabwe records,” he said.

He also said Anjin had extinguished its $300 000 debt owed to Total Zimbabwe for unpaid fuel supply, which had also been erroneously reported to be $1 million..

Anjin is a Joint venture company between Anhui Foreign Economic Construction Company (AFECC) from China and Matt Bronze representing Zimbabwe on a 50-50 shareholding basis.

AFECC, which is a subsidiary of Anjin also has investments in the LongCheng Plaza Mall and the Mutare Golden Peacock Hotel. –FinX

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