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ALROSA and ZCDC JV Starts Prospecting for Diamonds in Zimbabwe
ALROSA (Zimbabwe) Limited, a joint venture between ALROSA and Zimbabwe Consolidated Diamond Company, has started prospecting and preliminary exploration works for primary diamond deposits. After getting Special Grants from the Ministry of Mines and Mining Development, ALROSA Zim has the Environmental Impact Assessment approved by the Environmental Management Agency and is set to commence prospecting and exploration in Masvingo, Matebeleland South and Matebeleland North provinces of the Republic of Zimbabwe. 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 to commence in 2021
ALROSA’s investments in Zimbabwe for 2020-2022 are expected to reach USD 12 million.
According to the shareholder agreement and a JV establishment agreement, ALROSA has 70% of ALROSA (Zimbabwe) Limited JV, while Zimbabwean state-owned diamond mining company’s share is 30%. The joint venture focuses on prospecting, exploration and, in case of success, mining of primary diamond deposits in the Republic of Zimbabwe.
