https://www.miningweekly.com

Zimbabwe State diamond miner produces 500 000 ct since March launch

20th June 2016

By: Reuters

  

Font size: - +

HARARE – Zimbabwe's new State-owned diamond miner has produced 513 000 ct since March when it started operations after the government ordered all mining companies to halt work in the Marange fields, its acting CEO said on Monday.

The government on Feb 22 evicted all diamond mining firms in the Marange fields in eastern Zimbabwe saying their licences had expired and after they declined to merge under the state-owned Zimbabwe Consolidated Diamond Company (ZCDC).

Ridge Nyashanu, ZCDC acting chief executive, told a parliamentary committee that the company was mining from two concessions and exploring another two previously owned by firms ejected from Marange. The firms did not oppose their eviction.

However, ZCDC is unable to mine from bigger concessions owned by Mbada Diamonds, the largest producer before the February evictions as well as two Chinese-run companies, Anjin and Jinan, which are all challenging their expulsion in court, Nyashanu said.

The court action has reduced diamond mining in a country desperate for dollar inflows at a time the state has been forced to delay June salaries for its workers.

Diamond production figures are not readily available from the ministry of mines but Zimbabwe was the eighth largest diamond producer in the world with 4.7-million carats in 2014, according to industry group Kimberly Process.

Edited by Reuters

Comments

Latest News

OceanaGold's Didipio mine
OceanaGold prices $106m IPO of Philippine unit
Updated 2 hours 7 minutes ago By: Reuters
The Kalgoorlie rare earths processing plant
Lynas ups Kalgoorlie capital costs budget to A$800m
Updated 41 minutes ago By: Mariaan Webb

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.165 0.201s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: