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Russia's Alrosa starts diamond prospecting in Zimbabwe through JV with ZDCD

Credit: REUTERS/MAXIM SHEMETOV

Russian diamond producer Alrosa on Tuesday said it had started prospecting and preliminary exploration works for primary diamond deposits in Zimbabwe in a joint venutre with the Zimbabwe Consolidated Diamond Company (ZCDC).

MOSCOW, July 21 (Reuters) - Russian diamond producer Alrosa ALRS.MM on Tuesday said it had started prospecting and preliminary exploration works for primary diamond deposits in Zimbabwe in a joint venutre with the Zimbabwe Consolidated Diamond Company (ZCDC).

"Following the signing of a joint venture agreement with ZCDC to develop diamond deposits in Zimbabwe in December 2019, we are progressing well towards the initiation of the full-scale prospecting works this year," said Alrosa's deputy CEO Vladimir Marchenko.

(Reporting by Anton Kolodyazhnyy; Writing by Alexander Marrow; editing by Louise Heavens)

((alexander.marrow@thomsonreuters.com; +7 495 775 1242;))

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