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Zimbabwe Ventures into Higher-Value Mining
Dec 24, 2018 5:46 AM
By Rapaport News
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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.
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Tags:
Emmerson Mnangagwa, Marange, Ministry of Information, Publicity and Broadcasting Services, Rapaport News, Robert Mugabe, ZCDC, Zimbabwe, Zimbabwe Consolidated Diamond Company
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