Zimbabwe Stock Exchange-listed RioZim’s diamond operation, RZM Murowa, has reported a 3% decrease in diamond production for 2023, with output falling from 426,000 carats in 2022 to 414,000 carats.
Despite this annual decline, the first half of 2023 saw a notable 84% increase in production. This boost, from 115,000 carats in H1 2022 to 212,000 carats in H1 2023, was driven by the commissioning of a new 500 TPH plant. However, challenges during the first quarter affected the year-end performance.
To sustain profitability, RZM Murowa has focused on processing low-grade stockpiles and expanding exploration to extend the lifespan of its mining pits. Enhanced throughput and plant capacity have been pivotal, resulting in a 20% production increase in Q1 2023 compared to the same period in 2022.
Established in 2004, RZM Murowa is a medium-scale diamond mine with a capacity of around 1.2 million carats annually. The mine is noted for producing high-quality white diamonds, including large “special” stones.
