State owned Zimbabwe Consolidated Diamond Company (ZCDC) board has terminated employment contracts of seven executive directors to restore public and market confidence.

In an effort to ensure that the diamond producing company continues to attract investors and sustain production as well as viability, ZCDC board chairman Engineer Killiam Ukama said it was therefore important to make changes to its management.

Therefore, the board has terminated contracts of the chief executive officer, chief supply officer, supply chain executive, chief human resources executive, chief security officer, engineering executive and audit executive.

The Chief Operations Officer Mr Robnerto de Pretto has been appointed the Acting Chief Executive Officer with immediate effect until further notice, said the ZCDC board chairman.

The state owned company has also assured its stakeholders and partners on commitment to strengthen its systems and processes.

ZCDC is 100 percent owned by the government of Zimbabwe through the Zimbabwe Mining Development Corporation, a state enterprise incorporated under an act of Parliament.

The aims of the company are to carry out prospecting, exploration and evaluation, mining, processing and sale of diamonds in order to achieve better responsibility, accountability and transparency in the mining of the precious commodity.

-State media