Central African Republic Deal Opens Door to KP Return

140 95 Rapaport News

RAPAPORT… The Central African
Republic (CAR) will soon resume exporting diamonds after a deal was struck
between its government and the country’s main miner, Sodiam, The National reported.

The African country has been unable to export diamonds since
2013, when it was suspended
from the Kimberley Process (KP)
on concern that a rebel group was using the
gems to fund illegal activities.

The deal between Central African Republic’s minister for
mines, Joseph Agbo, and Viken Arslanian, an executive of Sodiam, the nation’s main
diamond miner, followed meetings chaired by Ahmed Bin Sulayem, chairman of the
KP for 2016, the UAE newspaper reported March 12. Bin Sulayem is also the executive
chairman of the Dubai Multi-Commodities Centre free zone.

“The effective resumption of exports was one of the main
priorities of the KP chairmanship 2016 and I am particularly proud that we have
been able to break the deadlock,” the report cited Bin Sulayem as saying.

Since the nation’s suspension from the KP, precious stones
have been mined in the country, mainly at the Berberati pit. The election of Faustin-Archange
Touadera as the African country’s prime minister in February was widely seen as
a step forward, following years of strife. A roadmap
for the Republic’s return to the KP was presented last year.

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