HomeNewsAnjin China invests $300m

Anjin China invests $300m


MARANGE — Anjin China has so far invested $310 million into the diamond mining operations and is in the process of marketing three million carats in its stock.

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

Yesterday Anjin was scheduled to commission two additional processing units acquired at a total cost of $18 million to the current five that are operational.

Company director Munyaradzi Machacha said installation of additional units would boost the processing capacity, which it hopes to grow in future.

“We are now the largest diamond mining company in the world and it has been confirmed by the Kimberley Process (KP),” said Machacha.

“We are the largest because of sheer size and amount of ore we are capable of processing per day.”

Anjin mine manager Hu Shie Jie said production expansion was an ongoing exercise.

“We are producing seven million carats a year, but with the new processing plants we should be able to do 10 million,” said Jie.

Commenting on the recent strike by employees at the mine, Machacha said workers were demanding the review of their salaries at a time when no diamonds sales had been conducted.

“Once we start selling we will review their package. We are still discussing new salaries, but as the situation improves we will try and improve as well,” he said.

He said the company was poised to play a critical role in the development of Zimbabwe.

Another company operating in Marange, Pure Diam of Dubai, said it had applied for an export licence from the KP.

Gilliam Sithole, managing director of the company’s local unit Diamond Mining Corporation, said Pure Diam started mining gems four months ago in a joint venture with ZMDC.

The KP last month gave Zimbabwe the go-ahead to sell diamonds from Marange fields after the United States, Canada and the European Union dropped their objections.

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