RIO Zim says exploration work is set to commence on its diamond associate, RMZ Murowa (Murowa) next year as it seeks to extend the life of the mine.
Rio Zim has a 22,2 percent stake in the diamond mine.
The group which predominantly focuses on gold extraction wants to deepen its mineral diversification strategy by further developing the underperforming diamond business.
Production for the year ended December 31, 2023 at the RZM Murowa declined by three percent to 414 000 carats compared to 426 000 carats recorded in 2022.