Russian diamond production company, ALROSA, has launched operations in the Republic of Zimbabwe.
Announced during President Emmerson Mnangagwa’s visit to Moscow on Monday, the company will now develop new mining operations in the country.
ALROSA CEO, Sergey Ivanov, stated that it marked opportunities for a new stage of partnership between ALROSA and the leadership of the Republic of Zimbabwe.
“We are ready to develop new joint projects for diamond exploration and extraction,” said Mr Ivanov.
“We also seek to support Zimbabwe in the development of its diamond-mining industry in line with industry’s best practices. We are happy to share with our partners a wealth of experience in the field of mineral exploration and diamond mining, including the industry self-regulation and responsible business,” he commented.
The launch of operations in the country and the launch of ALROSA’s subsidiary ALROSA (ZIMBABWE) Limited follows negotiations which occurred between ALROSA and the Government in 2018.
ALROSA’s experts, including geologists and mining engineers, will arrive in Zimbabwe to start the operations within the next month.
