Diamonds to contribute $1bn a year

Diamonds to contribute $1bn a year
Published: 26 March 2019 (195 Views)
Government yesterday commissioned the Airborne Mineral Exploration project in Chivi and Mwenezi districts in Masvingo Province to establish the extent of diamond deposit in the area. It is believed the two districts are rich in kimberlites.

Addressing guests during the commissioning of the exploration project at Buffalo Range Airport yesterday, Mines and Mining Development Minister Winston Chitando said the country's mining industry was poised for a boom, with diamonds alone expected to contribute $1 billion a year by 2023.

"As part of the contribution to the country's Vision 2030 of creating a middle-income economy, the mining industry is destined to increase in size from a mere $2,7 billion industry attained in 2017 to a $12 billion industry by 2023," he said.

"It is an important milestone which Government is working on towards the attainment of the Vision 2030 and with that $12 billion industry by end of 2023, diamonds will contribute $1 billion at least."

Minister Chitando said Government was already implementing the diamond policy hinged on value addition and beneficiation.

"In terms of the development of the Diamond Industry, last year we produced 2,8 million carats and the whole idea is for this to go up to at least 10 million carats by the year 2023. I said at least (10 million) because that projection is based on geologically proven sites and with the exploration which is now taking place, who knows what can happen?," he said.

"This event is important in the sense that exploration activities of this nature would enable us to improve our diamond production beyond the 10 million carats."

In his address, Minister of State for Provincial Affairs Ezra Chadzamira said the commissioning of the diamond exploration project was key to the province's quest to create employment.

"Under the thrust of devolution, Mining and Minerals Development sector provides a larger percentage towards the attainment of Masvingo's Gross Domestic Product. As such, exploration of diamonds in Mwenezi and Chiredzi districts gives us scientific grounds to plan for our people, industrialisation, modernisation and development.

"Masvingo, therefore, stands ready to beneficiate, value add, market diamonds and related products in manner that seeks to see local communities participating and benefiting," he said.

Minister Chadzamira said the advent of diamond mining in Mwenezi and Chiredzi will curb illegal border jumping into neighbouring South Africa by unemployed youths.

"Having our youths and woman, crossing Runde and Limpopo Rivers full of crocodiles to South Africa in search of jobs will now be a thing of the past.

"Rutenga and Sango Border Post growth point will expand because of the envisaged diamond mining in southern Masvingo.

"The exploration of diamonds for mining purposes in these two districts will bring new diversified economic activities in Mwenezi and Chiredzi districts.

"The mining activities will result in economic transformation of the Lowveld towards massive rural development,'' said Minister Chadzamira.

''The development of Rutenga as a dry port and modernisation of Sango Border Post luring trade activities will provide the much needed generation of foreign currency and investments in our country.''

The diamond exploration covers Ngundu, Mwenezi and Rutenga and will focus on conglomerate, alluvial and kimberlites.

Mr Nicholas Taruvinga, the Managing Director of AeroSurv, which partnered Xcalibur Airborne Geophysics of South Africa for the aeromagnetic surveying of gem deposits in Mwenezi and Chiredzi said the companies focused on collecting data from underneath rocks.

"Our companies utilise aircraft and helicopter platforms equipped with the very latest in data acquisition technology AeroSurv Zimbabwe collects, processes and interprets data related to the earth's surface and the souls and rocks beneath," said Mr Taruvinga.

The event was also graced by Zimbabwe Consolidated Diamond Company chair Engineer Killen Ukama, Managing Director of Excalibur Airborne Geophysics Mr Simon Bosch and Senator Josiah Hungwe, among others

- the herald


You May Like These Videos


There are no comments.

Latest stories

'Mnangagwa to be removed in a painful way'

by Mandla Ndlovu | 20 April 2019 | 39 Views

WATCH: Chiwenga attacks Mnangagwa and Masiyiwa

by Mandla Ndlovu | 20 April 2019 | 33 Views

Mnangagwa must act on economic decay

by Concerned Citizen | 20 April 2019 | 53 Views

The Gukurahundi hearings

by Clemen Moyo (Mr) | 20 April 2019 | 39 Views

Chamisa is Ndebele Closest Saviour, Dear Thulani

by Multiverse Dungani | 20 April 2019 | 53 Views

'I prefer to be led by MDC' says Mliswa

by Mandla Ndlovu | 20 April 2019 | 77 Views

LIVE: Temba Mliswa holds his own Independence celebration

by Mandla Ndlovu | 20 April 2019 | 62 Views

Top Pastor blasts Jonathan Moyo

by Mandla Ndlovu | 20 April 2019 | 69 Views

Sydney Malunga's son speaks on the economic crisis

by Mandla Ndlovu | 20 April 2019 | 67 Views

HIV used to cure babies in America

by Mandla Ndlovu | 20 April 2019 | 75 Views

Why Zambezi Water Project will never be achieved

by Mandla Ndlovu | 20 April 2019 | 57 Views

Disgraced Australian journalist arrested in Zimbabwe

by Staff reporter | 20 April 2019 | 65 Views

We're not Gukurahundi activists, says Mthwakazi

by Staff reporter | 20 April 2019 | 50 Views

Woman wants maintenance until she remarries or dies

by Staff reporter | 20 April 2019 | 53 Views

Man petitions police to release car held as exhibit

by Staff reporter | 20 April 2019 | 50 Views

Cyclone Idai buried people with their belongings

by Staff reporter | 20 April 2019 | 57 Views

Rift widens in MDC Masvingo

by Staff reporter | 20 April 2019 | 51 Views

Chamisa reaches out to Mnangagwa

by Staff reporter | 20 April 2019 | 56 Views

Mnangagwa's advisors turn against Trevor Ncube

by Mandla Ndlovu | 20 April 2019 | 125 Views

MDC Structures keep the dream alive, the Jewel of Africa returns

by Jacob Mafume | 20 April 2019 | 100 Views

Mnangagwa wedged between a rock and hard place

by Editorial - Daily News | 20 April 2019 | 99 Views

Chamisa demands face to face meeting with Mnangagwa

by Staff reporter | 20 April 2019 | 111 Views

PHOTOS: Bulawayo - Nkayi road construction

by Social media | 20 April 2019 | 93 Views

Credible team and sound advice ahead of Elective Congress

by A big Easter by Tinashe Eric Muzamhindo | 20 April 2019 | 79 Views

South Africa and Zimbabwe turn a blind eye

by Sipho Ndlovu | 20 April 2019 | 87 Views

If its about us let us know

by Thomas Murisa | 20 April 2019 | 71 Views

ZAA Canada announces inaugural nominees

by Staff reporter | 20 April 2019 | 80 Views

Mnangagwa scared of death via political foul play

by Itai Mushekwe | 20 April 2019 | 86 Views

VACANCY: Thomson Reuters Foundation is employing

by Mandla Ndlovu | 19 April 2019 | 165 Views

Mohadi goes to court, seeks protection against ex-wife

by Staff reporter | 19 April 2019 | 219 Views

Gukurahundi cannot be wished away: Williams

by Staff reporter | 19 April 2019 | 165 Views