Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

Today

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

Cyclone Idai affects ZCDC Q1 diamond output target

15 april 2019

zcdc_logo.pngZimbabwe Consolidated Diamond Company (ZCDC) will miss its first quarter production target due to Cyclone Idai, which flooded the company’s open pits in Marange and caused minor damages to its plant in Chimanimani, according to a local weekly.
The cyclone claimed at least 268 lives in Zimbabwe last month and most of the casualties were reported in Chimanimani.
"Most of the open pits which were being mined in Chiadzwa were flooded during the heavy rains," ZCDC chief executive Moris Mpofu was quoted as saying by Sunday Mail.
"ZCDC is now in the process of de-watering and re-mapping the pits before mining can commence on affected pits.
"In Chimanimani, ZCDC is in the process of rehabilitating the road network, which was destroyed by Cyclone Idai for the local community, and to regain access into its mining concession.”
He said a preliminary assessment of the situation indicated that minor damage was caused to the plant in Chimanimani Portal E, while the mining pits require de-watering and re-mapping before mining commences.
Fuel shortages and power outages had also added to the company’s woes.
"Notwithstanding these challenges, ZCDC is making frantic efforts to ensure that production against the targeted schedule resumes at the earliest possible time," said Mpofu.
He said mining would likely commence this week in Marange and by end of next month in Chimanimani.
ZCDC was targeting an output of 4,1 million carats this year compared with 2,8 million carats produced last year.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished