Russian state-controlled miner Alrosa will assess the quality of Zimbabwe’s diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company’s chief executive said on Monday. Zimbabwe is seeking to attract investment and has scrapped legislation that restricts foreign participation for […]

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Zimbabwe Consolidated Diamond Company (ZCDC), the state-owned mining company plans to invest US$ 400 million in order to recover at least 10 million carats of rough diamond annually in the next four years, media reports out of Africa stated. The plan is part of Vision 2025 which outlines, among other things, production targets for the […]

The post With an Investment of US$ 400 Mn ZCDC Aims to Produce 10 Mn Cts Annually by 2023 appeared first on The Jewelry Magazine.