GJ Town India

Production to jump 500% to be of 10mn cts by 2025 The Zimbabwe Consolidated Diamond Company (ZCDC) plans to increase production of diamonds by 488 percent to 10 million carats in the next five years from 1.7 million carats produced last year. To hit that target, Morris Mpofu, the ZCDC chief executive officer told delegates attending the on-going Zimbabwe National Chamber of Commerce (ZNCC) conference the company will set aside an investment envelope of about $400 million. The yellow metal target, he highlighted, will place Zimbabwe as one of the top five rough diamond producers in the world. “(Our) business strategy is part of corporate entrepreneurship, enterprise development and sustainable business growth to create the necessary mineable diamond resource and achieve diamond production levels of 10 million carats per year from 2022,” Mpofu said. “He added: “This will place Zimbabwe on the top five world rough diamond producers. This year, ZCDC has a strategic intent...

Zimbabwe diamond mining on development spree! Alrosa, the world leader in diamond production, announced the launching of operations in the Republic of Zimbabwe. With support of the government of Zimbabwe, the company will develop new mining operations in the country. This was announced during the recent most President Emmerson Mnangagwa’s visit to Moscow. "Today we see opportunities for a new stage of our partnership.. We are ready to develop new joint projects for diamond exploration and extraction. We also seek to support Zimbabwe in the development of its diamond-mining industry in line with industry’s best practices. We are happy to share with our partners a wealth of experience in the field of mineral exploration and diamond mining, including the industry self-regulation and responsible business ", said Alrosa CEO Sergey Ivanov. Negotiations held in 2018 by Alrosa and the leadership of the Republic of Zimbabwe resulted in a decision to start oper...