HomeDiamonds & GemstonesSouth Africans invest US$50 million in Zimbabwe mine

South Africans invest US$50 million in Zimbabwe mine

Diamonds recovered
in Zimbabwe
 
Harare, Zimbabwe — MININGREVIEW.COM — 20 November 2009 – The partners of the Zimbabwe Mining Development Corporation (ZMDC) in the exploitation of diamonds in the Chiadzwa region have invested about US$50 million (R375 million) in plant and machinery over the past two months.

The partners “’ Grandwell and Core Mining Minerals, both from South Africa “’ are extracting rough diamonds on an area 1 005 hectares in extent under ZMDC’s special grants.

Grandwell partnered ZMDC to form Mbada Mining, while the State mining entity joined forces with Core Mining to form Canadile Miners. Grandwell chairman Dave Kassel, who is also a director of Mbada, told the Herald Business News that his company had invested about US$50 million (R375 million) in two exploration plants and equipment. The funds were also used to set up state-of-the-art security systems such as cameras with night vision.

He said that one of the exploration plants was already operational. It had the capacity to process 30 000 cubic metres of ore per month, while the second plant had capacity for 150 000 cubic metres of ore. Kassel said the second plant was expected to start operating before the end of this month.

“The commissioning of the second plant will give us an indication of the kind of output that we can expect once full production begins,” he added.

One of the major features the plant has is its automatic ability to process and sort diamonds into boxes. Rough diamonds sealed in boxes would in future be transported to Harare International Airport, where a specially designed secure sorting facility to be manned by experts is being established to handle the sorting of the diamonds.

“We plan to spend an additional US$50 million (R375 million) on another concession, but that will depend on how well we do on this one,” Kassel said.

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