Industry News by Nemesis

ZCDC Boosts Q1 Output

April 9, 2018

Zimbabwe Consolidated Diamond Company (ZCDC) said it produced 751,303 carats in the quarter to March 2018, up 80 percent compared to 422,518 carats mined, a year earlier.


The Herald newspaper quoted company chief executive Moris Mpofu as saying that the first quarter output was 25 percent above their 600,000 carats target for the period.


He said ZCDC’s diamond stockpile was 2.4 million carats, as at March 31.

 

 Image credit: ZCDC 

Meanwhile, Mpofu said that they would soon commission a 450-tonne per hour conglomerate crushing plant as well as receive new mining and exploratory equipment from Belarus as part of its government backed $80 million recapitalisation programme.


“In the second quarter of 2018, the company will be commissioning a 450-tonne per hour conglomerate crushing plant and new equipment which includes, 52 pieces of earth moving vehicles (EMVs) from Belarus and other mining and exploration equipment partly funded from Government’s $80 million injection,” he said.


“This includes excavators, drill rigs mobile crushers, security equipment and power generation equipment and infrastructure.”


Mpofu said the company’s combined processing capacity would be in excess of 750 tonnes per hour after the commissioning.


Production in Marange had largely shifted from the depleting alluvial deposits to conglomerate deposits.


ZCDC was targeting to produce 3 million carats this year, which represents growth of 84 percent from its 2017 achievement of 1.8 million carats.

 

Source: Rough&Polished

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