- CNTV English - CCTV News

Homepage > News > Biz >

Zimbabwe-China joint venture now world's biggest diamond producer

12-15-2011 08:37 BJT

by Gretinah Machingura

MUTARE, Zimbabwe, Dec. 14 (Xinhua) -- Anjin Investments is now the biggest diamond producer in the world with only one and a half years of mining in eastern Zimbabwe, an official said on Wednesday.

The company's director Munyaradzi Machacha told reporters on a tour of the mine that it now has a capacity of producing 12,000 tons of ore per day and had invested heavily in state-of-the-art machinery.

On Thursday this week the company is set to commission two additional processing units acquired at a total cost of 18 million U.S. dollars to the current five that are operational.

The new units would boost the company's processing capacity which it hopes will continue to grow in the future.

"We are now the largest diamond mining company in the world and the Kimberly Process has confirmed that and we are proud of that," Machacha said, adding the company was poised to play a significant role in the development of Zimbabwe.

Machacha said the company was also big in terms of the share size, the amount of ore it is capable of producing, as well as the massive production and processing machinery it has on site.

Anjin is a 50/50 joint venture between the government-owned Zimbabwe Mining Development Corporation and Anhui Foreign Economic Construction Company Limited of China.

The company started mining operations in July last year, and has a stockpile of three million carats of diamonds that it intends to sell after getting KP approval recently.

Anjin conducted its first sale of diamonds last week and Machacha said marketing of the gems was in progress.

He said the mine was currently producing 6,000 tons of ore from its 4,846-hectare concession.

Mine manager Hu Shijie said the company had one of the most advanced diamond processing machinery among the four companies that are mining diamonds in Marange. And the two new units have a combined processing capacity of 4,000 per day.

Meanwhile, Machacha said companies mining diamonds in Zimbabwe do not deserve to be slapped with Western sanctions as they are operating above board.

His comments followed this week's move by the United States to slap Mbada and Marange Resources -- two of the four companies mining diamonds in Marange -- with sanctions.

"Zimbabwe does not deserve sanctions nor any of the companies that have been placed on sanctions," he said.

Editor:Zhang Hao |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program