Zimbabwe diamond output hits 1.25m carats

Published: 23 August 2017
Diamond output has hit 1.25 million carats in the last seven months with the Zimbabwe Consolidated Diamond Company (ZCDC) eyeing to reach the 2 million carats target for this year.

The production figures are expected to increase in the last quarter as huge investment has been made in the setting up of a conglomerate plant which will produce close to 450 carats monthly.

Currently, ZCDC has produced 1.25 million carats edging closer to the 2 million target that the government has set for this year.

ZCDC CEO, Mr Morris Mpofu said production has remained on the negative side of 200 000 carats monthly, owing to the migration programme which the company is undertaking.

He added that the conglomerate plant will be complete by the fourth quarter of this year and will pave way for the organisation to embark on kimberlite mining which requires huge investment.

ZCDC has so far taken a delivery of new mining equipment worth $30 million which is expected to push production figures upwards.

The mining sector is anticipated to rake in about $3 billion in export earnings during 2017, given the rebound in most international mineral prices.
- zbc
Tags: Diamonds,


Latest News

Latest Published Reports

Latest jobs