Zimbabwe Diamond Production News

The government of Zimbabwe is committed to creating incentives for citizens of the country to open new businesses that would carry out other operations related to the diamond industry, in addition to simply mining the gems, Mining Weekly reported.

Zimbabwe Mines and Mining Development Minister Obert Mpofu announced in a speech read on his behalf that he hopes to see local industries engage in platinum and chrome refining and diamond cutting and polishing. Mpofu said that he also wished to see smelting plants constructed on Zimbabwean soil, but confessed that he did not anticipate that it would occur anytime soon, due to the high costs involved in setting up such an operation.

The Chamber of Mines, the body that represents the mainly foreign-owned mining operations, responded to Mpofu’s announcement in an encouraging manner, saying that the group would not oppose these proposals, but urged the government to confer with its members in order to implement benefactor schemes in practice.

Source: [ israelidiamond.co.il ]

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Posted by WoodlawnPost on May 14 2012. Filed under Diamonds. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.