- Write by:
-
Saturday, December 28, 2019 - 10:26:23 AM
-
756 Visit
-
Print
Mining News Pro - The world’s top diamond producer by output, Alrosa, and the Zimbabwe Consolidated Diamond Company announced this week the signing of a number of agreements to finalize the creation of a joint venture for prospect and exploration work for primary diamond deposits in Zimbabwe.
According to Mining News Pro - In a press release, the state-owned companies said they have signed a shareholder agreement and a JV establishment agreement. The documents state that Alrosa owns 70% of Alrosa (Zimbabwe) Limited JV while the ZCDC gets 30%.
“We are focused toward productive prospecting and exploration for primary diamond deposits in the Republic of Zimbabwe. Signing current agreements allows us to form the company’s administration and to initiate procedures required to get necessary permissions and licenses,” Sergey Ivanov, CEO of the Russian miner, said in the statement. “Getting authorization and first prospecting special grants, [means the] JV will be ready to operate.”
Initially, the new firm will concentrate its efforts on the licenses ZCDC has in the Chimanimani region. However, the idea is to eventually expand its reach to cover the entire country.
Short Link:
https://www.miningnews.ir/En/News/463574
Antwerp’s diamond dealers face long and costly delays following an EU ban on Russian-origin diamonds that took effect on ...
Debswana Diamond Company’s sales of rough diamonds fell 25.1% in 2023, data released by Botswana’s central bank late on ...
Russia’s sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18 billion roubles ($925 ...
The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the ...
Christo Wiese, South Africa’s billionaire retail king, is going back to the future.
Anglo American will review its assets after a 94% plunge in annual profit and writedowns at its diamond and nickel ...
A Canadian unit of global mining company Rio Tinto is facing a criminal case after an employee was seriously injured at ...
Six people were killed after a small plane carrying global miner Rio Tinto’s workers crashed near Fort Smith in Canada’s ...
A small plane carrying Rio Tinto (ASX, LON: RIO) workers crashed near Fort Smith in Canada’s remote Northwest ...
No comments have been posted yet ...