RapNet


Rapaport News

 

Mining

 
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

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

Zimbabwe Ventures into Higher-Value Mining

New Marange crushing plant will enable it to raise production, government says.
Dec 24, 2018 5:46 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 The Zimbabwe government has installed a crushing plant at its Marange diamond deposit as it aims to shift from alluvial operations to higher-value mining.

The Zimbabwe Consolidated Diamond Company (ZCDC) hopes to increase annual output to 10 million carats within the next five years, the nation’s Ministry of Information, Publicity and Broadcasting Services said in a Twitter post last week.

To that end, it has commissioned the new facility so it can treat hard rock under the surface — an activity known as conglomerate mining, which is more expensive than alluvial mining but produces higher yields.

Zimbabwe President Emmerson Mnangagwa has been trying to reform the nation’s diamond industry and increase transparency. Corruption claims plagued the sector under the leadership of former president Robert Mugabe, who was ousted in November 2017.

ZCDC recovered 1.8 million carats of rough diamonds in 2017, mainly from Marange, and a further 1.6 million carats in the first half of this year. It planned to unearth 3 million carats in 2018.

Image: The Marange diamond fields.
Tags: Emmerson Mnangagwa, Marange, Ministry of Information, Publicity and Broadcasting Services, Rapaport News, Robert Mugabe, ZCDC, Zimbabwe, Zimbabwe Consolidated Diamond Company
Similar Articles
BlueRockBlueRock Restarts South African Mine
May 12, 2020
BlueRock Diamonds has resumed operations at its Kareevlei deposit in South...
Lucapa Unearths 171ct. Rough at Lulo
Court Orders Release of Dominion’s 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