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Govt's diamond company set to receive equipment worth $30 million

7 years agoTue, 28 Feb 2017 00:10:16 GMT
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Govt's diamond company set to receive equipment worth $30 million

Chief executive  officer of the Zimbabwe Consolidated Diamond Company, Dr Reggie Nyashanu said they will soon take delivery of $30 million equipment from Belarus to enable it to process kimberlite diamonds.

 

The equipment is being acquired under a local facility arranged by the Reserve Bank of Zimbabwe. It is part of several loans Zimbabwe is getting from Belarus to support productive sectors. Said Nyashanu:

That deal has now gone through and a team of experts from Belarus will soon come for a site visit and see how they can assemble the equipment. We are adding new equipment that can process conglomerates. At the moment, we are doing exploration to identify the primary source (the kimberlite) and the equipment we are acquiring will also be able to process the kimberlite diamonds.

Zimbabwe merged diamond mining companies previously operating in Chiadzwa and Marange diamond fields into ZCDC as Government moved in to ensure accountability. This triggered some court actions as some miners resisted eviction arguing the move was unlawful. As a result, diamond production declined by 62 percent to 924 388 carats last year due to court cases filed by evicted miners resisting Government’s decision to consolidate the sector.

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More: Herald

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