afcr.jpgThe High Court of Zimbabwe has passed a landmark ruling in favour of the State in the wrangle for ownership of diamond claims in Chiadzwa, between government and the London Stock Exchange-listed African Consolidated Resources (ACR).

 

The judgment by the High Court follows the appeal made by government which sought for a reversal of the 24 September 2009 ruling which validated ACR diamond claims in Chiadzwa.

 

The state argued that ACR fraudulently acquired the mining claims by concealing vital information including the fact that company did not exist at the time of registering the claims. 

 

Passing the judgment at the High Court Chambers, High Court Judge Justice Charles Hungwe said the court reversed its earlier judgment on the basis that ACR misled the court by concealing information which could have been used during the earlier judgment.

 

In an interview soon after the ruling, Advocate Farai Mutamangira representing the state as the first respondent welcomed the High Court decision and said it was unfortunate that ACR earlier on hoodwinked the court into making a favorable ruling for the applicant.

 

Meanwhile, Mr. Jonathan Samkange representing ACR, said he was not pleased with the outcome and that his client would appeal to the Supreme Court.

 

The judgment by High Court puts to rest the claims by African Consolidated Resources that it had rights to mine diamonds in

Chiadzwa. 

 

At the time the Certificates of Registration were purportedly registered, the ACR subsidiaries were non-existent, and according to the

Chief Mining Commissioner, fraudulent misrepresentations were made to the Assistant Mining Commissioner that the ACR

subsidiaries were in existence.