Tag: diamond

Mutinta Jewellery set to open a US$3m diamond and gemstone plant

Frank

ZAMBIA – Mutinta Jewellery is set to open a US$3.2 million diamond and gemstone processing plant which is expected to manufacture jewellery from diamonds, gemstones and other precious stones. The plant which is set to operate fully before end of August 2020 has projected production of over 15 to 25,000 carats per annum and is expected to directly employ about 200 Zambians at the plant while about 100 individuals will be indirectly hired. Speaking during a tour of Mutinta Jewellery and Gemstone processing plant in Lusaka Permanent Secretary in the…

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Alrosa signs a joint venture with ZCDC to develop diamond deposits

Frank

ZIMBABWE – The Government of Zimbabwe is on the verge of striking a US$450 million deal with a diamond mining company for the production of 850 000 carats of diamonds, through the Zimbabwe Consolidated Mining Company, as part of efforts to increase earnings to US$1 billion by 2023. Mines and Mining Development Minister Winston Chitando said the agreement would complement the plan to recapitalise ZCDC (Zimbabwe Consolidated Diamond Company) in the next few months to increase production. Minister Chitando said the US$1 billion target for diamonds was premised on the…

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