Mbada Diamonds property to be auctioned off by High Court to offset debt

Property belonging to diamond mining company Mbada Diamonds is being auctioned off to offset a debt. Mbada Diamonds owes money to Pungwe Mining Private Limited and other unnamed creditors. The property includes mining equipment, cars and office furniture.  The property will be  auctioned off by Hollands Auctioneers of Mutare under order from the Sheriff of the High Court.

The auction is scheduled for Monday the 19th of December.

 

More: Twitter

Download the Pindula App for a better user experience.