Australia’s Mustang Resources discovers diamonds in Mozambique

16 June 2015

Australian company Mustang Resources has discovered alluvial diamonds in a prospecting area next to the River Save, in what is the first time that quality commercial diamonds have been found in Mozambique, the company said in a statement.

In all, by 11 June the company found 16 diamonds visually identified as having commercial value and decided to increase the amount of gravel processed per day from 100 tons to 1,000 tons.

The prospecting area is located near the border with Zimbabwe, near the confluence of the Save and Runde rivers, which is downstream of the Murowa and Marange diamond fields in Zimbabwe. This suggests that the diamonds have been swept away by the rivers and deposited at the confluence, which is in Mozambique.

The 16 diamonds found are sized between 0.46 and 1.3 carats, together totalling 9.68 carats (1.936 grams). (macauhub/MZ)