Zimbabwe Mining Development Corporation (ZMDC) was established by an Act of Parilament No. 31 of 1982. ZMDC is involved in the mining of diamond, gold, and emerald.
ZMDC owns 100% shareholding in Marange Resources which is engaged in diamond mining in Chiadzwa, Mutare in the eastern part of Zimbabwe. Since 2005 ZMDC has entered into Joint Venture agreements with international companies to form: Anjin Investment, Diamond Mining Corporation and Mbada Resources. Diamond mining has contributed significantly to the foreign currency earnings of the country.
Sabi Gold Mine in Zvishavane, Jena Gold Mines in Silobela and Elvington Gold Mine in Chegutu have a significant contribution to Zimbabwe’s gold production as well as increasing foreign exchange earnings for the country.
ZMDC holds a Joint Venture with Graphitwerk Kropffmuhs to form Zimbabwe German Graphite Mine (ZGGM) (Pvt) Ltd which mines graphite in Karoi.
Zimbabwe’s Sandawana mines have been an important producer of emeralds for 40 years. Consistent production has been established and in addition to the small sizes Sandawana emeralds is known for greater numbers of polished stones that have been produced.