Mwana Needs $100 Million to Revive Congo Diamond Mine

Mining and Exploration
13/04/2015 09:29

Mwana Africa Plc said it will cost almost $100 million to realize plans to raise production tenfold at its venture with the Democratic Republic of Congo’s state-owned diamond miner. The Societe Miniere de Bakwanga, or Miba, has the potential to increase annual diamond output to as many as 8 million carats from 500,000 carats now, said Mwana CEO Kalaa Mpinga. The plan involves shifting from alluvial mining to targeting kimberlite diamonds.