News

Advanced Search

Alrosa to Begin Exploration in Zimbabwe

Jul 22, 2020 5:36 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Alrosa will spend $12 million over the next two years prospecting and developing several diamond deposits in Zimbabwe.

The government has allowed the Russian miner to begin exploration through Alrosa Zim, a joint venture with national miner Zimbabwe Consolidated Diamond Company (ZCDC). Geologists will start sampling and trenching this month in selected zones in the provinces of Matabeleland South, Matabeleland North and Masvingo, Alrosa said Tuesday.

Alrosa Zim will continue operations and surveying in other zones in those regions toward the end of the year. It will perform bulk sampling and drilling in 2021, it added.

Alrosa first announced it would return to Zimbabwe last year after a two-year absence. It holds a 70% share in the joint venture, while ZCDC retains 30%.

Image: Rough-diamond sorting. (Alrosa)
Tags: Alrosa, Alrosa Zim, Rapaport News, ZCDC, Zimbabwe Consolidated Diamond Company
Similar Articles
Mountain Province Northern Lights 140Mountain Province Output Slides in 2020
Jan 14, 2021
Mountain Province’s share of production at the Gahcho Kué mine fell 4% to 3.2 million carats in 2020 as the
Lucapa Mothae parcel 140Lucapa Sells Mothae Rough for $5.6M
Jan 11, 2021
Lucapa Diamond Company has sold $5.6 million worth of rough to manufacturer Safdico via a partnership the
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.