Sunday, 18 November 2018

ZCDC production in 100K carats jump

CONGLOMERATE mining production at the Zimbabwe Consolidated Diamond Company (Pvt) Ltd’s (ZCDC) Chiadzwa diamond fields is set to register a 42 percent rise with current output now standing at over 100 000 carats.

The state mining entity has been shifting to Conglomerate mining due to the continued depletion of alluvial deposits which were first mined in Marange in 2006.

 

In line with its Diamond Mining Business Model (DMBM) the state-owned mining entity last year invested in a 450 tonne per hour conglomerate processing plant to be installed at Portals (A & B) at a total cost of $20 million.

Latest figures availed to this publication show that as at March 15, the state miner has produced 526 734 carats from its conglomerate operations compared to 422 518 carats in the first quarter of 2017 and is in line to meet its 600 000 carats target for the 2018 first quarter.

In an interview, ZCDC Chief Executive Officer Dr Moris Mpofu said the company is confident of registering a 42 percent jump at the end of the first quarter and get to 3 million carats at the end of the year compared to the 1,7 million carats produced last yearRead more..

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