Rio Tinto

RioZim looks to coal power plants to generate 1,400 MW

RioZim looks to coal power plants to generate 1,400 MW

Zimbabwean mining company RioZim plans to produce up to 1,400 megawatts of electricity using coal from its concession in the north west, chief executive Noah Matimba said on Monday.

Anglo American cuts diamond output guidance

Anglo American cuts diamond output guidance

Anglo American PLC (AAL.LN) cut its full-year diamond output guidance Thursday due to weaker market conditions but reaffirmed its volume guidance for all other commodities after reporting mixed output performance during the first quarter.

Murowa mine output tumbles

Murowa mine output tumbles

PRODUCTION at Rio Tinto’s Murowa diamond mine in Zimbabwe fell 42 percent in the first quarter after a planned shutdown and a decision to cut output as it sought clarity on a new export tax, it said.

ZMDC sanctions lift seen reducing global prices

ZMDC sanctions lift seen reducing global prices

SURAT — India’s small and medium diamond industry, badly hit by a weak local currency, expects the European Union’s (EU) to lift sanctions on diamonds from Zimbabwe to help ease skyrocketing rough gem prices.

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