AfricaTrade & IndustryZimbabwe

ALROSA Zimbabwe starts diamond prospecting

By Almot Maqolo

ALROSA Zimbabwe Limited, a joint venture (JV) between Russia’s ALROSA and state-owned Zimbabwe Consolidated Diamond Company (ZCDC) says it has started prospecting and preliminary exploration works for primary diamond deposits in the country.

The JV focuses on prospecting, exploration and, in case of success, mining of primary diamond deposits in the southern African nation. “After getting Special Grants from the Ministry of Mines and Mining Development, ALROSA Zim has the Environmental Impact Assessment (EIA) approved by the Environmental Management Agency (EMA) and is set to commence prospecting and exploration in Masvingo, Matebeleland South and Matebeleland North provinces of Zimbabwe,” reads the company statement.

Alrosa controls 70 percent of the joint venture, Alrosa Zimbabwe Limited JV, while the Zimbabwean state-owned diamond mining company gets 30 percent The JV follows the MoU signed between the two companies in July 2019. “In July 2020, ALROSA Zim’s geologists to start geochemical sampling, trenching and pitting in Malipati zone, with ground geophysical surveys to follow. Towards the end of year, the same prospecting operations, including airborne geophysical surveys to be conducted in the Maitengwe area.”

Bulk sampling and drilling is poised to commence in 2021. ALROSA Deputy CEO Vladimir Marchenko said: “Following the signing of a JV agreement with ZCDC to develop diamond deposits in Zimbabwe in December 2019, we are progressing well towards the initiation of the full-scale prospecting works this year”.

“Being a member of Responsible Jewellery Council, World Diamond Council and Natural Diamond Council, ALROSA complies in full with all industry commitments on responsible business practices and its own corporate standards.” Marchenko added that: “ALROSA is committed to follow these principles strictly while working in the Republic of Zimbabwe, minimizing adverse environmental impact in all areas of activities and using mineral resources comprehensively and rationally.”

ALROSA’s investments in Zimbabwe for 2020-2022 are expected to reach $12 million. The country’s diamond output is projected at 2.1 million carats in 2020.

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