11/17/2021 | Press release | Distributed by Public on 11/17/2021 08:44

ALROSA’s CEO Sergey Ivanov visited the Republic of Zimbabwe

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November 17, 2021 - An ALROSA delegation, headed by the company's CEO, paid a visit to the Republic of Zimbabwe. Sergey Ivanov met with His Excellency Emmerson Dambudzo Mnangagwa, President of the Republic of Zimbabwe, in Harare. He also visited the geological exploration camp of ALROSA Zimbabwe Limited (ALROSA Zim), a joint venture prospecting for primary diamond deposits. Sergey Ivanov informed President Mnangagwa about the progress of prospecting works and expressed gratitude for the assistance provided, noting that the country has created excellent conditions to attract foreign investments.

ALROSA Zim, a joint venture of ALROSA (owning 70% of shares) and the Zimbabwe Consolidated Diamond Company (ZCDC) carries prospecting and preliminary exploration works for primary diamond deposits at the Matabeleland South, Matabeleland North and Manicaland provinces of Zimbabwe.

Sergey Ivanov said: "ALROSA's joint venture with ZCDC has been carrying out early exploration works in the Republic of Zimbabwe since 2020. In 2020, we successfully shipped a mobile geological wash plant from Yakutia to Zimbabwe. This advanced equipment increases efficiency and productivity. As a member of the Responsible Jewellery Council, the World Diamond Council and the Natural Diamond Council, ALROSA is committed to the highest standards of social responsibility, complying with the strictest international industry standards, creating jobs and supporting communities in the regions where we operate."

ALROSA (Zimbabwe) Limited (ALROSA Zim) is a joint venture between ALROSA and the Zimbabwe Consolidated Diamond Company (ZCDC). According to the shareholder agreement and a JV establishment agreement, ALROSA controls 70% of ALROSA Zim, whilst the Zimbabwean state-owned diamond mining company owns 30%. The joint venture currently focuses on exploration of primary diamond deposits in the Republic of Zimbabwe.

This page was last updated on 17 November 2021 at 09.41
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