Africa’s diamond sector regains its sparkle
A year of lockdown restrictions took a heavy toll on diamond prices, but recovering demand is rekindling optimism in the industry. After a tough year, the African diamond industry is finally looking to the future with optimism again. In 2019, restrictions brought about by the Covid-19 pandemic decimated consumer markets, paralysed supply chains and led […]
Renewal of mining licences to undergo overhaul
Hon. Winston Chitando New regulations will soon be put in place to ensure registration and renewal of licences in the mining sector is only done by those with tax clearance and environmental impact assessment certification. Mines and Mining Development Minister Winston Chitando revealed this at a meeting with the Masvingo Provincial Taskforce last Sunday. […]
Zim 2021 large scale mining operations
Zimbabwe’s mining industry has become the leading horse towards the resuscitation of the economy. The mining industry has of late become the country’s largest foreign currency earner with nickel, gold and platinum group of metals leading in fetching the country the much-needed forex. The government through the Ministry of Mines and Mining Development has a […]
Botswana Diamonds prepares to re-enter Zim
Botswana Diamonds (BOD) says Zimbabwe is highly prospective and there are positive signs that the country is opening for business. The company is preparing to re-enter Zimbabwe and focus on both short-term production targets at Marange and advanced kimberlite pipe projects elsewhere in partnership with Vast Resources plc. “Our final area of interest is Zimbabwe, […]
Zim invites bids for venture capital partner to set up diamond processor
The Minerals Marketing Corporation of Zimbabwe (MMCZ) is offering a venture capital partnership to bidders willing to set up a diamond processing company. MMCZ plans to invest in a company that offers a return on investment within five years, according to a notice. Bids close on April 13. “In line with the Corporation’s strategic initiatives […]
How to solve the diamond industry’s great rift?
As the diamond industry begins to get back on its feet and look to a post-pandemic world, an internal issue is on the agenda that is threatening to boil over and requires urgent attention. In the 1980s and 1990s it was plagued by the bad press that came with the conflict or blood diamond furore. […]
Antwerp’s rough trade continues to boost recovery
Antwerp figures, released by the AWDC, indicate the trade in rough diamonds continues to boost recovery from the pandemic year, as rough trade even surpassed the February figures of 2020. January and February 2020 were the last months before the global outbreak of the COVID crisis, now exactly one year ago, when strong performances were […]
ZCDC ups the ante in food security
ZCDC staff and Chief Marange. A monitoring visit was conducted at Chiefs Marange and Zimunya’s homesteads and Chiadzwa families who received agricultural inputs from ZCDC. THE Zimbabwe Consolidated Diamond Company (Pvt) Ltd. (ZCDC) has upped the ante to improve food security in the Marange and Arda-Transau communities by providing agricultural equipment and inputs. Recently, […]
Zimbabwe’s diamond sector is poised to “shine brighter”
Zimbabwe’s diamond sector is poised to “shine brighter” on the back of private capital coming on board to augment State operations. With President Mnangagwa’s Zimbabwe’s open for business mantra, which seeks to draw private capital into the economy, private players are coming on board to lead what looks set to be a diamond revolution in […]
Alrosa to auction a rare 242-carat rough diamond
Alrosa’s 242-carat diamond (Source: Alrosa) A Diamond the size of a ping-pong ball is about to sell for millions Miner Alrosa to put 242-carat stone up for sale this month The biggest gems have fared best as sector starts to recover Russian diamond giant Alrosa PJSC is putting one of its biggest-ever gem-quality stones up for […]