Story by Oleen Ndori
RUSSIAN mining giant, ALROSA, says Zimbabwe’s investor-friendly climate speaks to enhancing cooperation between governments and the private sector.
The mining firm’s representatives, including the Chief Executive Officer and Chairman of the Executive Board, Mr Pavel Marinychev met with President Emmerson Mnangagwa at State House this Wednesday where discussions centred on its operations in the country and its vision for the future.
A world leader in diamond mining and explored reserves, ALROSA entered into a partnership with the Zimbabwe Consolidated Diamond Company (ZCDC) in 2019 to explore the country’s diamond reserves.
“We met with the President to present the achievements of our joint venture since its inception in 2019. ALROSA and ZCDC, both state-owned entities, have been working closely together under this partnership to explore diamond and other mineral deposits across 40 special grants and EPOs,” he said.
“We thank His Excellency for the brilliant investment climate made in here. We are ready to move forward and work in the Republic of Zimbabwe,” he said.
Alrosa says it is looking at doubling its investment in Zimbabwe by the end of this year, as the mining sector continues to contribute significantly to the country’s Gross Domestic Product.
