{"id":1094114,"date":"2019-01-14T14:30:35","date_gmt":"2019-01-14T14:30:35","guid":{"rendered":"http:\/\/www.mining.com\/?p=963303"},"modified":"2019-01-14T14:30:35","modified_gmt":"2019-01-14T14:30:35","slug":"zimbabwe-consolidated-diamond-company-expects-to-produce-4-1-million-carats-in-2019","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1094114","title":{"rendered":"Zimbabwe Consolidated Diamond Company expects to produce 4.1 million carats in 2019"},"content":{"rendered":"<p>In an <a href=\"https:\/\/www.sundaymail.co.zw\/zcdc-injects-us32m-in-diamond-exploration\" rel=\"noopener\" >interview<\/a> with the <em>Sunday Mail<\/em>, the Chief Executive Officer of state-owned Zimbabwe Consolidated Diamond Company, Moris Mpofu, revealed that the company plans to invest $32 million in exploration projects this year.<\/p>\n<p>Such projects involve reopening mines in Chiadzwa, home to the\u00a0Marange diamond fields, and other parts of the country, as well as launching new operations in the Save River floor and the Odzi river. <\/p>\n<p>According to Mpofu, the final goal is to grow annual output to 4.1 million carats in 2019 and to 10 million carats by 2025. Last year, ZCDC produced 2.8 million carats, with sales adding up to $47 million.<\/p>\n<p>The diamond miner&#8217;s CEO also said that he expects investment and strategic partnerships to increase in the next 12 months, given that the <a href=\"http:\/\/www.mining.com\/zimbabwes-handling-diamond-industry-ultimate-test-mnangagwas-reform-report\/\" rel=\"noopener\" >recent changes<\/a> to Zimbabwe&#8217;s rules around diamond mining give ZCDC, Murowa Diamonds &#8211;\u00a0a unit of RioZim- and two other companies to be approved by Government <a href=\"http:\/\/www.mining.com\/zimbabwe-let-two-new-private-miners-dig-diamonds\/\" rel=\"noopener\" >exclusive rights<\/a> to undertake exploration and mining of the precious gems across the country.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/zimbabwe-consolidated-diamond-company-expects-produce-4-1-million-carats-2019\/\">Zimbabwe Consolidated Diamond Company expects to produce 4.1 million carats in 2019<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state-owned diamond miner wants to produce 10 million carats by 2025.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/zimbabwe-consolidated-diamond-company-expects-produce-4-1-million-carats-2019\/\">Zimbabwe Consolidated Diamond Company expects to produce 4.1 million carats in 2019<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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