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Home » Murowa earnings hit by declining diamond prices
National Report

Murowa earnings hit by declining diamond prices

written by Almot Maqolo, Staff Writer 0 comments
Diamonds
The latest official production guidance rules out chances of the sector meeting the government's ambitious 2025 production target of 12 million carats set in 2020.
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RIOZIM’s associate, RZM Murowa (Murowa) says its revenue and profitability were negatively affected by receding global diamond prices despite a slight uptick in production during the six months to June 30,2024. Mining activities from the pits remained suspended as the company is currently engaged in extensive exploration targeted at extending the life of its pits.…

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