Zimbabwe News Update
zbc
2 min read
Zim seeks to boost diamond output amid global price slump story by owen mandovha, business reporterstate-owned zimbabwe consolidated diamond company (zcdc) is aiming to beat the global diamond price slump to sustain the growth of the country’s mining industry.Zcdc remains a cog in the national mining development framework and seeks to maintain a production level of 6.5 million carats annually to sustain its operations in the face of a price downturn on the global markets.Zcdc chief executive officer, mr douglas zimbango made the remarks at the signing of integrity pledges by the zcdc board and management at a programme led by the zimbabwe anti-corruption commission in harare this wednesday.“the mining sector is key in driving zimbabwe’s economic growth and development and we are currently producing about 6.5 million carats annually and we are determined to sustain these production levels to create a robust mining industry towards the attainment of vision 2030,” he said.Zcdc board chairperson, mr onesimo moyo noted his organisation’s commitment to fight and curb corruption as key to economic progress.“we are determined to respond to the president’s call to help curb and fight corruption hence this integrity pledge is fundamental in making us stick to our core values of integrity.”the country has three other diamond mining companies such as murowa, alrosa and anjin, which are also contributing to the growth of the diamond sector.
Story by owen mandovha, business reporter state-owned zimbabwe consolidated diamond company (zcdc) is aiming to beat the global diamond price slump to sustain the growth of the country’s mining industry. Zcdc remains a cog in the national mining development framework and seeks to maintain a production level of 6.5 million carats annually to sustain its operations in the face of a price downturn on the global markets. Zcdc chief executive officer, mr douglas zimbango made the remarks at the signing of integrity pledges by the zcdc board and management at a programme led by the zimbabwe anti-corruption commission in harare this wednesday.
“the mining sector is key in driving zimbabwe’s economic growth and development and we are currently producing about 6.5 million carats annually and we are determined to sustain these production levels to create a robust mining industry towards the attainment of vision 2030,” he said. Zcdc board chairperson, mr onesimo moyo noted his organisation’s commitment to fight and curb corruption as key to economic progress. “we are determined to respond to the president’s call to help curb and fight corruption hence this integrity pledge is fundamental in making us stick to our core values of integrity.” the country has three other diamond mining companies such as murowa, alrosa and anjin, which are also contributing to the growth of the diamond sector.
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