Jan. 2, 2020
The World's largest diamond producer by output, Russia's Alrosa has finalised a jount venture with the Zimbabwe Consolidated Diamond Company (ZCDC) for exploration of diamonds in the country.
July 10, 2019
Diamond production is set to increase significantly as Anjin Investments is on the verge of starting gem extraction at Chiadzwa while Government is set to sign an agreement with Alrosa of Russia in the week ending 20 July 2019, in line with the diamond policy. This was revealed by Mines and Mining Development Minister Winston Chitando in an interview with Star FM radio. Increasing diamond output is in tandem with Government’s plan of turning the mining sector into a US$12 billion sector by 2023, and in line with the Transitional Stabilisation Programme (TSP). Under the 2023 mining plan, the Government wants the diamond miners to haul 10 million carats.
Nov. 28, 2018
Cabinet yesterday approved the Zimbabwe National Diamond Policy which is expected to regulate the diamond mining sector and ensure accountability in the mining, processing and selling of the precious mineral. The policy will see only the Zimbabwe Consolidated Diamond Company (ZCDC), Murowa Diamonds and two other companies to be approved by Government undertaking diamond exploration and mining in the country.