Jointly owned by the Zimbabwe Mining Development and investors from Lebanon, DMC will employ the funds to purchase new mining equipment thereby expanding its production capabilities.
Commenting on the funding DMC project manager Ramzi Malik said that the expected boost in production will over 30% of the existing capacity.
The mining company currently produces nearly 7,200 carats of diamonds a day.
According to Malik, the company plans to triple the present average production rate of 50,000t of ore produced each month.
