HARARE, March 25 (Xinhua) -- Zimbabwe's largest diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), aims to increase its annual production to over 5 million carats from 4.1 million carats last year. Other diamond mining companies, including Anjin, a Zimbabwe-China joint venture and...
Zimbabwe started consolidating mining operations of six companies that were operating in the vast Chiadzwa diamond fields early this year after accusing them of lack of transparency in their operations. The process, which created the Zimbabwe Consolidated Diamond Company (ZCDC), will see the government...
Investigations carried out in collaboration with Information for Development Trust-a non-profit outfit supporting the media to probe bad governance-show that the Zimbabwean government has shelved a joint venture agreement between Vast Resources and the state-owned Zimbabwe Consolidated Diamond Company (Z...
Russia’s Alrosa is the world’s biggest diamond producer by volume at 30% and the slightest disruption to its ability to supply distorts the market, according to Zimbabwe Consolidated Diamond Company (ZCDC) CEO Mark Mabhudhu. “It may end up creating the supply gap that may drive demand ...
Dr. Mark Mabhudhu, chief executive officer (CEO) at Zimbabwe Consolidated Diamond Company (ZCDC), said along with the search for markets, fresh exploration programmes had been lined up to locate new gems and expand the operation. He said exploration was due to commence this quarter, continuing...
businesses owned by Chinese expatriates in Harare…Mugabe’s decision to nationalize Zimbabwe’s diamond industry has caused particular alarm in Beijing. Under Zimbabwe’s new rules, Chinese mining companies are forced to operate under the umbrella of the Zimbabwe Consolidated Diamond Company (ZCDC)...
The two initiatives were sponsored by the Zimbabwe Consolidated Diamond Company (ZCDC), which is owned by the Government. The cattle breeding project targets communal farmers in the province. “There is a brighter future in the country, better than where we are coming from. We understand the ...
A ground-breaking ceremony for a carbon steel plant in Manhize in Mvuma would be held in June. In the diamond sector, the Zimbabwe Consolidated Diamond Company (ZCDC) is looking to produce three million carats this year while Murowa Diamonds is investing US$450 million in expanding its oper...
The lobbying intensified following an incident in which gunmen in military gear overpowered security staff of the government-owned Zimbabwe Consolidated Diamond Company (ZCDC) in Chiadzwa, Manicaland, and held them hostage before escaping with valuable gemstones at midnight on January 15 this year.This...
In 2019, he was fired as chief executive officer of the Zimbabwe Consolidated Diamond Company (ZCDC) over corruption and abuse of office and subsequently arrested. The ZCDC board said at the material time they had to relieve seven executives of their duties, including Mpofu, "to rebuild public...