RioZim is also planning further investments in base and precious metals in Zimbabwe.

World’s 50 biggest mining companies have shed $627 billion since hitting highs in March this year even as investors pile into the best performing sectors.

Sales declined 21.6% from the previous Sight but were flat compared to the same period last year.

Ukraine has accused Russia of trying to push its ally Belarus to the top of an international diamond certification body.

The Treasury was concerned that the country does not have reserves of the minerals.

Alrosa will only be allowed to work on two of the diamond deposits, while the rest will be made available to other investors.

There were no immediate reports of any injuries or deaths from the latest dam wall collapse at the dormant diamond mine, which was once owned by De Beers.