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Russia's Alrosa diamond company to launch in Zimbabwe

AFP  |  Moscow 

Russia's Alrosa, the world's of diamonds, announced Monday it plans to launch in on the eve of talks in between the country's and

"With support of the government of Zimbabwe, the company will develop new operations in the country," said in a statement.

"This company will implement projects for exploration and operations with a view to establish joint diamond and other ore enterprises," it said in the English-language release.

"Within the next month ALROSA's experts, including geologists and mining engineers will arrive in the country to start the operations." Zimbabwean leader meanwhile told journalists he believed the country could make a "significant" participation to the diamond industry.

"We know we have opened a small window to foreign countries to participate in our industry," he said ahead of talks with his Russian counterpart on Tuesday.

In March, Russian traveled to several African countries, highlighting Moscow's interest in the diamond and platinum industry during a meeting with Mnangagwa.

Alrosa, which says it is responsible for 27 per cent of the global rough diamond production in terms of carats, already has operations in and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 14 2019. 22:45 IST
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