Low-grade Diamonds Causing Problems for Marange-focused Anjin
Reuters reported that Anjin Investments (Pvt) Ltd., the biggest miner in Zimbabwe’s Marange diamond fields, said Friday that it is facing financial problems due to a decline in the quality of the diamonds at its mine.
Reuters reported that Anjin Investments (Pvt) Ltd., the biggest miner in Zimbabwe’s Marange diamond fields, said Friday that it is facing financial problems due to a decline in the quality of the diamonds at its mine.
As quoted in the market news:
‘Our resources have dwindled, our revenues are down. The ore we are mining we are recovering low-grade diamonds, which are not fetching much on the market,’ Anjin board member Munyaradzi Machacha told a parliamentary committee.
‘Right now the company is in the survival mode. We are really in serious financial problems. Our primary objective at the moment is to make sure the company survives.’
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1878.25 | +1.35 | |
Silver | 23.50 | +0.08 | |
Copper | 4.17 | +0.01 | |
Palladium | 1713.17 | 0.00 | |
Platinum | 1087.26 | 0.00 | |
Oil | 77.80 | +0.39 | |
Heating Oil | 3.20 | -0.02 | |
Natural Gas | 3.66 | -0.01 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.