Story by ZBC Reporter
Vice President General Retired Dr Constantino Chiwenga has emphasised the importance of value addition on the country’s diamonds to boost export earnings from the commodity.
He said this during a visit to the Zimbabwe Consolidated Diamond Mining Company (ZCDC) in Chiadzwa this Wednesday.
VP Chiwenga was impressed with the mining company’s continued investment in the lattest technology.
“The diamond industry is dynamic and the sector has witnessed unpresidented challenges and opportunities. It is some of these challenges that we continue to address in order to be more viable and seize opportunities abound in the diamond trade industry. Rough diamond prices have been on a down turn and and has affected profitability. Mining companies should start thinking of value adding there is nothing that stops us to do that,” he said.
The Deputy Minister of Mines and Mining Development, Honourable Polite Kambamura together with Manicaland Minister of State for Provincial Affairs and Devolution Advocate Misheck Mugadza were appreciative of the support given to the mining sector.
“These facilities demonstrate a commitment to excellence in processing and refining diamond production showing the emmense potential within the mining sector as directed by President Mnangagwa,”said Honourable Kambamura.
“Allow me to express my gratitude to the President, Cde Mnangagwa for the relentless support he has given for the development of the mining sector, which has allowed the diamond company to withstand the aggression buy western aggressors. See to it that our country benefits from its God given resources and growing the province’s GDP,” noted Advocate Mugadza.
Zimbabwe’s mining sector is a major contributor to the country’s economy, accounting for around 12percent of its GDP and 80 percent of its exports.
