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LocalNews

Diamond production at Murowa down 36 percent

By Business Reporter – Monday 5 October 2020

HARARE (Mining Index) – DIAMOND output at Murowa Diamonds declined 35.90 percent to 250kcts in the half year ended June 2020, relative to 390kcts produced in the comparative prior period.

The decline in production was as a result of a decrease in the ore grade as the mine extracted ore from a lower grade pit.

“Given the decrease in ore grade, the company is working on expanding processing capacity to shift the operations to a low grade, high volume model,”

“This project has stalled due to insufficient foreign currency and unavailability of funding to fast track and complete the project,” said RioZim chairman S R Beebeejaun.

Murowa’s diamond production FY2019 recorded a 7% regression at 685 000 carats from 740 244 carats produced in the comparative period in 2018. The low diamond production FY2019 was attributed to intermittent power supply which resulted in lost production running time. ENDS// www.miningndex.co.zw

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