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ALROSA Sets Up Zimbabwe Subsidiary, Will Develop New Mines There

ALROSA announced that it will develop new mining operations in Zimbabwe with the support of that country’s government. An announcement to this effect was made on Monday during Zimbabwe President Emmerson Mnangagwa’s visit to Moscow.

Negotiations held in 2018 by ALROSA and the Zimbabwe resulted in a decision to start operations in the country and open an ALROSA subsidiary there. This company will implement projects for exploration and mining operations with a view to establishing joint diamond and other ore mining enterprises.

Towards this, ALROSA (Zimbabwe) Limited was established on December 6, 2018, in Harare. Within the next month ALROSA’s experts, including geologists and mining engineers will arrive in the country to start the operations.

ALROSA CEO Sergei Ivanov stated, "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.”

He added, “We are happy to share with our partners, a wealth of experience in the field of mineral exploration and diamond mining, including industry self-regulation and responsible business.”

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