Zimbabwe State Miner to Increase Output by 30 per cent
June 03, 21
(IDEX Online) - Zimbabwe's state-owned miner this week said it aimed to increase diamond production this year by 30 per cent.
It predicts a total output of 3m carats, up from 2.3m in 2020, as a result of improved mining methods.
The Zimbabwe Consolidated Diamond Company (ZCDC) also hopes a joint exploration venture with Alrosa will further increase its diamond production.
Zimbabwe is desperate to restore productivity in the diamonds sector and develop the country's ailing economy.
Mark Mabhudhu, CEO of ZCDC, outlined plans to increase production of diamonds as well as gold and platinum, and increase its foreign exchange earnings in an interview with Bloomberg News.
Pic courtesy ZCDC