· Zimbabwe has set an ambitious target to grow its mining sector to a US$12 billion industry by 2023, as part of its efforts to achieve an upper-middle-income economy by 2030. The country, which has the largest lithium reserves in Africa and the sixth largest in the world, is poised to become a global player in the sector upon the
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· Diamonds were discovered in Marange, eastern Zimbabwe, in 2006, but more than a decade after formal mining started, thousands of people in the vicinity of diamond fields are living
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· Zimbabwe. There are some big changes afoot in Zimbabwe’s diamond sector. A Chinese backed company, Anjin, part owned by the Zimbabwean army, is set to resume mining in the Marange diamond fields in May this year following a three year hiatus, while Russia’s diamond mining giant Alrosa will reportedly complete setting up
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· 0 3 minutes read. Zimbabwe, the world’s seventh-largest diamond producer, earned $424 million in diamond earnings in 2022, according to the Zimbabwe Consolidated Diamond Company (ZCDC). The company said the output is “not bad” in comparison to established mining countries since mining operations in Chiadzwa were
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· Groups of miners in the diamond fields in Marange in 2006. When the scramble peaked in October 2008, more than 35,000 people, including children and women, were either mining or buying
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The Marange diamond fields are an area of widespread small-scale diamond production in Chiadzwa, Mutare District, Zimbabwe. 'Although estimates of the reserves contained in this area vary wildly, some have suggested that it could be home to one of the world's richest diamond deposits'. [1] The hugely prolific fields are regarded by some experts
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ZCDC Background. Zimbabwe Consolidated Diamond Company (Pvt) Ltd (ZCDC) was formed following the March 2015 Government decision to consolidate all diamond mining companies in Zimbabwe to form a wholly owned Government Company. The Government’s objective was to ensure that there would be transparency, accountability and optimal
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· Trending. Government to establish base minerals processing hubs. New information gathered by this publication revealed that government’s quest to achieve President Emmerson Mnangagwa’s dream of a US$12 billion mining economy by 2023 has left vulnerable communities at the mercy of giant mining firms that are abrogating the
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· In line with the Joint Work Plan developed by Zimbabwe and the KPCS in Namibia in 2009, government must create a legal framework allowing artisanal miners to operate legally in Marange Mobilizers are also calling for the complete withdrawal of the army from Marange Prosecution of all persons accused of perpetrating violence in Marange.
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The Zimbabwe Consolidated Diamond Company (Pvt) Ltd (ZCDC) is a diamond mining company wholly owned by the Government of Zimbabwe through the Ministry of Mines and Mining Development. The company has its mining operations in Manicaland’s Chiadzwa and Chimanimani areas. ZCDC is a creation of the Zimbabwe government following its
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· The Development Trust of Zimbabwe, working in partnership with a Russian company OZGEO is mining gold and diamonds at Charleswood Estate in Chimanimani. Although the company claimed that it wants to start mining diamonds in 2012, local residents say DTZ OZGEO has been mining diamonds for over 3 years and
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· In 2013, an international watchdog on diamond mining pointed out that diamonds worth at least US$2 billion had been stolen by the country’s ruling elite, international dealers, and criminals, in
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· A COUPLE of weeks back, Zimbabwe Chamber of Mines published its state of the mining industry survey report looking at issues faced by the industry and prospects for 2022. To ensure objectivity, the Chamber states that its involvement was restricted to sponsoring and facilitating access to information to its members who form a
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· The decision by ministers to maintain sanctions against Zimbabwe’s diamond mining sector sends a clear signal to European diamond trading companies that they must source diamonds responsibly. However, weak industry self-regulation all along the diamond pipeline means that Marange diamonds may still find their way onto
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21st May 2024. By: Bloomberg. Font size:-+. Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining
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· Diamond production in Zimbabwe and major projects. Brought to you by. According to GlobalData, Zimbabwe is the world’s seventh-largest producer of diamonds in 2022, with output down by 19.2% on 2021. Over the five years to 2021, production from Zimbabwe increased by a CAGR of 14% and is expected to rise by a CAGR of 3%
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The Murowa diamond mine is a diamond mine located in Mazvihwa, south central Zimbabwe, about 40 kilometres from the asbestos mining town of Zvishavane in the Midlands province. The mine is owned and operated by RZM Murowa (Private) Limited, a member of RioZim (a Zimbabwe listed company). [1] The mine is a combination of open
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Credit: Dimitris Christou from Pixabay. Russian mining company Alrosa has signed a joint venture (JV) agreement with Zimbabwe Consolidated Diamond Company (ZCDC) to develop diamond deposits in Zimbabwe. Under the terms of the agreement, Alrosa will own a 70% controlling stake for the development of greenfield projects and ZCDC will
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October 20, 2023 at 6:05 AM PDT. Listen. 1:44. Zimbabwe’s biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating
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March 1, 2024. Read Next. Engineer Tirivashe Eddington Vere has now taken the position of Head of Mining Operations for Firestone Diamond Pvt Ltd (Liqhobong Mine) which is one of Lesotho’s largest diamond producers by volume. The Lesotho-based company headhunted the Mining Executive and the offer resonated with his passion for working
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· From November 21, 2006, to the end of October 2008, police committed numerous human rights abuses, including killings, torture, beatings, and harassment of local miners in Marange. The bulk of the
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Powerful military and political elites and security forces have controlled and secretly exploited Zimbabwe’s once promising diamond sector, while concealing the scale of the loss to its people, a new report from Global Witness reveals. ‘An Inside Job’ examines five of the major mining companies that recently operated in the Marange diamond region.
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Only 4 companies approved to explore and mine diamonds – Zimbabwe National Diamond Policy June 5, 2019 Chamber of Mines Zimbabwe (CoMZ) elects female president December 3, 2019 Chinese investor hoards 145 gold claims August 28, 2019 May 26
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· Zimbabwe, one of the world’s top diamond-producing countries, is believed to hold 25% of the world’s reserves of opencast extractable diamonds. The country’s current major diamond source
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March 17, 2022. 0. STATE-OWNED diamond miner, Zimbabwe Consolidated Diamond Company (ZCDC)’s gems are back on the market after a seven-month hiatus. The ZCDC has been on a massive production ramp up spearheaded by a new management team. Last year, for the first time, the diamond company declared a dividend to its sole shareholder,
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· I am very familiar with this mine Murowa Diamonds as i managed the upgrade and expansion of their mining operations back in 2006/2007. Increasing their ROM and upgrading their DMS plant. Must say
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· The arrival of huge mining corporations has left thousands in Marange feeling like prisoners in their own ancestral land. Trevor Kusena, 19, struggles to walk from his cottage to the veranda at his family home
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· Diamonds were discovered in Marange, eastern Zimbabwe, in 2006, but more than a decade after formal mining started, thousands of people in the vicinity of diamond fields are living miserably, as fields have become an outpost of human rights violations, according to various reports. "Life is tough here at ARDA Transau," Donald
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· Russian miner Alrosa PSJC has discovered 22 new diamond deposits in Zimbabwe, according to the southern African nation’s president, Emmerson Mnangagwa. Alrosa will only be allowed to work on two
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· Zimbabwe’s Chamber of Mines 2022 state of mining report projected significant growth in the diamond, coal, and chrome subsectors, with PGM continuing to lead the sector. The Chamber of Mines reported gold output reached an all-time high of 37.3 tons in 2022, up from 31.5 tons in 2021, and projected to increase to 42 tons in 2023.
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