22 12 ORGANOGRAM 2: RESTRUCTURING OF MARANGE RESOURCES BY THE ZIMBABWE MINING DEVELOPMENT CORPORATION Canadile Miners operations suspended [November 2010] Joint Venture Partner – Marange Resources – takes control [December 2010] Zimbabwe Mining Development Corporation Marange Resources Mbada Diamonds 50% owned by Grandwell Holdings & 50% by Marange Resources Marange Resources Canadile Miners suspended full control assumed by Marange Resources 12.1 Three additional mining licenses granted On November 9, 2010, it was reported that the Zimbabwe government had licensed three more diamond investors to extract gems in the Chiadzwa district. The licenses had been granted to: • • • Sino-Zimbabwe, a joint commercial entity between the Chinese government and Zimbabwe, with interests in various sectors Anjin, a Chinese company and Pure Diamonds, a Lebanese firm. 88 A week later, InvestigativeZim.com visited ARDA 89 Transau Farm, a previously successful commercial farm where twelve Chiadzwa families had been “resettled” by Anjin. The journalist found them living in dire conditions and extreme poverty on the now rundown property. 88 Diamond News, Government of Zimbabwe: ‘Three new diamond miners licensed’, 9 November 2010: http://www.diamondne.ws/2010/11/09/government-of-zimbabwe-three-new-diamond-miners-licensed/ 89 ARDA: The Agricultural Rural Development Authority