RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Zimbabwe Forecasts Surge in Diamond Output

Production will more than triple to 11 million carats in 2025, says ZCDC.
Jun 5, 2018 4:11 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Zimbabwe’s rough-diamond production will more than triple to 11 million carats in 2025, according to the nation’s state-owned mining operation.

Output will grow at an average of 21% per year from 3 million carats in 2018, a spokesperson for the Zimbabwe Consolidated Diamond Company (ZCDC) told Rapaport News Monday.

“This growth is anchored on investment of around $400 million across the entire diamond value chain in the next five years,” the spokesperson said.

In addition, the ZCDC named Killiam Ukama, an engineer, as the chairman of the ZCDC’s new board.

The ZCDC produced 1.8 million carats in 2017 from the controversial Marange diamond fields, where security forces killed more than 200 illegal workers in 2008. The company suspended sales for nine months last year as it carried out a restructuring, and resumed tenders in the first quarter of this year.
Tags: Marange, Production, Rapaport News, ZCDC, Zimbabwe, Zimbabwe Consolidated Diamond Company
Similar Articles
Akil Zubir AlrosaAlrosa Names New Belgium Chief
Sep 21, 2020
Alrosa has appointed Akil Zubir as managing director of its Belgium...
Dominion to Sell Ekati Mine for $126M
Petra Recovers High-Quality Blue Diamonds
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us