Zimbabwe Consolidated Diamond Company

Zimbabwe Ramps up Diamond Production

Zimbabwe’s state-owned diamond company is forecasting a 16 per cent increase this year. The Zimbabwe Consolidated Diamond Company (ZCDC) said it was ramping up production to 5.7m carats in 2024 and would aim to increase that figure to 10m carats next year. Munashe Shava, ZCDC board chairman, said: “Commodity prices are depressed on the global … Read more

Zimbabwe’s $20bn of “Disappeared” Diamonds

Corruption in Zimbabwe has cost the country at least $20bn in “disappeared” rough diamonds, according to veteran economist and former member of parliament Eddie Cross. He accuses the late Robert Mugabe, who served as prime minister from 1980 to 1987, of personally helping himself to $1.3bn of diamonds. “We still suffer from massive leakages of … Read more

Zimbabwe Diamond Sector to Grow to $1 Billion by 2024

Winston Chitando, Zimbabwe’s mines and mining development minister, said in an interview with the Sunday Mail newspaper quoted by IDEX Online that the country’s diamond sector will grow to $1 billion by the end of 2023. Chitando said that Murowa Diamonds and the ZCDC (Zimbabwe Consolidated Diamond Company) “were expanding their operations and would help … Read more

Zimbabwe Mine Running out of Diamonds

Murowa mine Zimbabwe

The Murowa mine, in Zimbabwe, reported a 15 per cent drop in its diamond production for 2020 as known deposits begin to run dry. Owners RioZim said it was exploring sites near the three kimberlites pipes currently being worked in the southern central Midlands Province. Rough output in the year ending 31 December 2020 from … Read more

Who wins and who loses in the rush for diamonds?

Zimbabwe Diamond Production

The list of hardships and suffering linked to Zimbabwe’s diamond mines is growing longer by the day. Since diamonds were discovered in the Marange fields in 2001, non-governmental organisations have been looking into abuse and dodgy dealings: Human rights violations;Opaque business deals;Unfair treatment of residents;Diamond smuggling. The Marange diamond fields are in Chiadzwa, Mutare District, … Read more

Alrosa, ZCDC JV starts prospecting for diamonds in Zimbabwe

Alrosa mining

Alrosa Zimbabwe (Alrosa Zim), a joint venture (JV) between Russian diamond miner Alrosa and Zimbabwe State-owned miner Zimbabwe Consolidated Diamond Company (ZCDC), has started prospecting and preliminary exploration works for primary diamond deposits. After getting special grants from the Ministry of Mines and Mining Development, Alrosa Zim had the environmental-impact assessment (EIA) approved by the … Read more