Massive capital injection by Anjin Investments

By Tichaona Kurewa
ZIMBABWE’S quest to attain a US$12 billion mining industry by 2023 is taking shape after a massive capital injection by Anjin Investments in Marange.
With a workforce of about 500 people, Anjin Investments re-opened in 2020 after closing mining operations in 2016 and this year, the diamond miner is targeting to produce about 900 thousand carats.
“We are now back in operation at about 60 percent production capacity. The lack of attaining 100 percent has been the focus on re-installing our security system and also the workers being in and out of the mine because of the pandemic. We have so far invested plus or minus US$30 million in our operations,” said Dr Hesphina Rukato, Anjin Investments, Deputy General Manager.
Dr Rukato is confident the mining sector will achieve the target of a US$12 billion industry by 2023.
“It is attainable, if we just base on our own targets and if we take into account two other companies that are also in production,” he added.
The local diamond industry is expected to contribute US$1 billion to the US$12 billion mining industry next year.
Anjin Investments is targeting to produce more than 900 000 carats this year as the firm is operating at 60 percent capacity. Anjin is a joint venture between Zimbabwe and China, each with 50 percent shareholding.

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