RioZim requires $125m for Murowa diamonds

RioZim requires $125m for Murowa diamonds
Published: 06 March 2018
At least $125 million is required to extend the lifespan of Murowa Diamond Mine by an additional three years, and to push output beyond one million carats per annum, an official said yesterday.

Murowa, owned by local resources company RioZim, is located about 60 kilometres south of the mining town of Zvishavane in the Midlands province. RioZim is a listed local independent mining company with interests in gold, diamonds and coal.

RioZim chief executive officer Bheki Nkomo told the Parliamentary Portfolio Committee on Mines and Mining Development that the expansion would be financed by a mixture of funding instruments.
- The Herald
Tags: RioZim, Murowa,


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