Home » General » ZIMBABWEAN MINING FIRM TARGETS OUTPUT OF 50,000 CARATS A MONTH

HARARE, April 8– Diversified mining firm DTZ-OZGEO is targeting to produce at least 50,000 carats of diamonds every month once it commences full operations, says its Public Relations and Marketing Manager, Clara Ngwenyaan.

The company is a joint venture between the Development Trust of Zimbabwe and Russian firm OZGEO and was established in 1994. It is also involved in gold mining in Penhalonga, about 20 kilometres northeast of Mutare, the capital of Manicaland Province, where it produces about 30,000 grammes of gold per month.

The company recently started diamond mining in the Chimanimani area of Manicaland Province, where it has been doing exploration work over the past two years.

Ngwenya told the Parliamentary Committee on Environment, Water, Tourism and Hospitality Industry here monday that the company had acquired high-tech equipment for its operations. The equipment included X-ray machines which help it achieve a recovery rate of more than 90 per cent.

“We have done exploration in the area. Although exploration is continuing and pilot mining of diamonds is underway in Chimanimani, we have installed a Dense Media Separating plant and we are now working on final improvements,” she said.

“The reserve is still to be fully confirmed as detailed exploration is being done. On commissioning of that plant we should be able to reach 40,000 to 50,000 carats per month. Currently we are working towards that.”

Zimbabwe has huge diamond reserves, giving it the potential to supply 25 per cent of global demand.
The bulk of the reserves are in Marange, also in Manicaland, where seven companies are currently mining the gems.

SOURCE: NEW ZIANA

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