Russia’s Alrosa returns to mine in Zimbabwe
CEO Sergey Ivanov says the leading gem producer will develop new operations with the support of President Emmerson Mnangagwa's government
Moscow — Alrosa, one of the world’s top diamond miners, is returning to Zimbabwe after a more than two-year break as it expands outside Russia. The company will develop new mining operations in the country with the support of the government, Alrosa said Monday as Zimbabwe’s President Emmerson Mnangagwa visited Moscow. The Russian producer opened an office in Zimbabwe last month, CEO Sergey Ivanov said at a press conference with Mnangagwa. Mnangagwa, who became president in 2017, sees diamonds as a key way to help revive Zimbabwe’s mining industry, which suffered years of decline under his predecessor Robert Mugabe. The government is considering waiving a rule that prevents foreign investors holding controlling stakes in its diamond mines. “We also seek to support Zimbabwe in the development of its diamond-mining industry in line with industry’s best practices,” Ivanov said. Geologists and mining engineers from Alrosa will arrive in Zimbabwe in the next month to start operations. Des...
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