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Murowa Mine Working to Boost Production After Rio Tinto Exit

Nov 11, 2015 11:23 AM   By Rapaport News
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RAPAPORT... Zimbabwe’s Murowa mine, formerly controlled by Rio Tinto, is set for a return to diamond production, after earlier fears that it was shutting down following the key investor’s exit.

The mine is working on boosting production, Zimbabwean newspaper The Chronicle cited Lovemore Chihota, chairman of operator Murowa Diamonds, as saying at a Murowa-sponsored community event.

“We are committed to running this company better than how we found it. There’s no reason why we should fail to run these things for the betterment of our people,” The Chronicle cited Chihota as saying.

Rio Tinto pulled out of the mining project in June, selling its 77.8 percent stake to RioZim. “No significant mining” was carried out there in the half year to June 30, according to RioZim, which said operations would restart in the fourth quarter after a nine-month hiatus but that losses were expected in 2016. Zimbabwe’s Nehanda Radio reported October 16 that the mine had closed.
Tags: africa, mining, Murowa, Rapaport News, Rio Tinto, RioZim, Zimbabwe
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