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DTCB to process Zim diamonds

Publishing Date : 19 February, 2018


Zimbabwe President, Emmerson Mnangagwa has hinted that his government will engaged Diamond Trading Centre Botswana (DTCB) for diamond process, once they done with formulating the country’s diamond policy.

Mnangagwa who was impressed by the technological sophistication said Botswana’s ability to attract diamond from other countries such as Namibia and Canada indicated how advanced Botswana was in diamond process. The Zimbabwean president, who replaced Robert Mugabe towards the end of 2017, said Botswana has placed itself as a source of pride for SADC region and Africa. Mnangagwa has given the privilege of touring the DTCB building during his two day state visit to Botswana this week at the invitation of President Lt Gen Ian Khama.

DTCB came into following an announcement made in September 2011, by the Government of Botswana and De Beers for a landmark 10-year sales agreement that saw De Beers transfer its London-based diamond trading activities to Botswana starting 2013. DTCB  is a 50/50 Joint Venture partnership between the Government of Botswana and De Beers. It is the world’s largest and most sophisticated rough diamond sorting and valuing operation, with a capacity to sort 45 million carats a year.

DTC Botswana sorts and values Debswana Diamond Company’s rough diamond production. Debswana Diamond Company (Pty) Ltd is a 50/50 Joint Venture partnership between the Government of the Republic of Botswana and De Beers. The main purpose of the company is to mine and recover diamonds optimally and responsibly.

DTCB facilitate, drive and support the creation of a vibrant, sustainable and profitable downstream diamond industry in Botswana through superior sorting and valuing practices. The downstream activities add additional value to the local diamond industry through cutting and polishing of diamonds and ultimately manufacturing of jewellery which will develop core competencies for adding higher value.

Botswana is the world is leading diamond producer by value, with Jwaneng Mining being the most valuable in the world. Botswana is also among the second highest diamond producer by volume, only second to Russia. Mnangagwa is adamant that once his country has a policy on diamond mining and processing in place; they would be able bringing diamonds from Zimbabwe to Botswana for processing.

Zimbabwe pursue its mining interest through Zimbabwe Consolidated Diamond Company (Pvt) Ltd (ZCDC), a diamond mining company wholly owned by the Government of Zimbabwe. The Company has mining operations in Manicaland in Mutare’ s Chiadzwa area and in Chimanimani.

The Company is conducting exploration and resource evaluation programs across Zimbabwe and expects to open new mines in other parts of the country soon. ZCDC was issued with Special Grants 6026 and 6460 which vests mineral rights to carry out mining operations for diamonds in Chiadzwa and Chimanimani respectively.



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