Alrosa & ZCDC inks JV!
JV rights to explore any new Prospective area in Zimbabwe! Alrosa, a global leader in diamond mining, and Zimbabwe national diamond miner Zimbabwe Consolidated Diamond Company (ZCDC) have signed a joint venture agreement to develop diamond deposits in Zimbabwe. The agreement was signed by Alrosa Deputy CEO Vladimir Marchenko and ZCDC Non-Executive Board Chairman Killian Ukama. The President of the Republic of Zimbabwe Emmerson Mnangagwa and Alrosa CEO Sergey Ivanov attended the signing ceremony. According to the terms of the agreement, Alrosa gets a 70% controlling stake for the development of Greenfield projects, ZCDC – 30%. First of all, the joint venture will be engaged in geological exploration of Greenfield deposits. Further objectives of cooperation are diamond mining and independent sale of rough diamonds in external markets. The new joint venture will be able to work not only with the licenses ZCDC has today, but also in the territory of the whole count...