ALROSA launches operations in Zimbabwe

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Alrosa

ALROSA, the world leader in diamond production, announced the launching of operations in the Republic of Zimbabwe.

With the support of the government of Zimbabwe, the company will develop new mining operations in the country. This was announced today during President Emmerson Mnangagwa’s visit to Moscow.

“Today we see opportunities for a new stage of our partnership. We are ready to develop new joint projects for diamond exploration and extraction. 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 “, said ALROSA CEO Sergey Ivanov.

Negotiations held in 2018 by ALROSA and the leadership of the Republic of Zimbabwe resulted in a decision to start operations in the country and open ALROSA’s subsidiary. This company will implement projects for exploration and mining operations with a view to establishing joint diamond and other ore mining enterprises. In this regard, ALROSA (ZIMBABWE) Limited was established on December 6, 2018, in the city of Harare. Within the next month ALROSA’s experts, including geologists and mining engineers will arrive in the country to start the operations.

About ALROSA

ALROSA is the world’s leading diamond mining company, accounting for 27% of global rough diamond production in terms of carats. The company operates 11 kimberlite pipes and 16 alluvial deposits in Yakutia and Arkhangelsk Region of Russia. ALROSA stones are mined in conflict-free areas and come straight from the producer, ensuring transparent origin. The company is also a leader in terms of social responsibility, spending $150-200 mn a year for social projects and $100 mn for the environment.

Besides rough diamond mining, ALROSA has its own in-house cutting and polishing division, DIAMONDS ALROSA. The branch is concentrated on coloured and large colourless stones.

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

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