Mnangagwa meets Russians

Mnangagwa meets Russians
Published: 22 April 2018 (150 Views)
THE world's second biggest diamond mining company, Alrosa, is in Zimbabwe exploring investment opportunities amid huge optimism the Russia-based firm, whose annual turnover stands at $4 billion, could soon start operating locally.

The mining giant is only second to De Beers, and specialises in exploration, mining, manufacture and sale of diamonds.

It has African operations in Botswana and Angola.

Russia is the largest diamond-producing nation in the world, with Alrosa accounting for 95 percent of that country's production and around 30 percent of global output. In 2016, Alrosa produced 37,4 million carats of rough diamonds worldwide. The company is 58 percent owned by the Russian Federation and regional governments, and has 11 mines and five alluvial operations globally.

Alrosa's chief executive and chairman of the executive committee Mr Sergey Ivanov yesterday met President Emmerson Mnangagwa at his Munhumutapa offices and discussed areas of potential collaboration. Speaking to journalists after the engagement, Mr Ivanov said: "We had a very fruitful meeting with the President and we discussed the possible involvement of Alrosa in diamond business in Zimbabwe. We see very huge potential for diamond business in partnership with Zimbabwe in terms of new projects. Also our company is the global leader in diamond production and we have a lot of technologies and expertise which might be helpful for exploring new fields in Zimbabwe and strengthening the Zimbabwean economy."

Asked if Alrosa was preparing to invest in Zimbabwe, he said, "Yes, (but) we have to do our homework. We have a lot of discussions with (the Zimbabwe Consolidated Diamond Company) and the Ministry of Mines and I am sure that we will find solutions and interesting projects where Alrosa could be involved. We didn't discuss precise areas (to open new mines); but we see a lot of new projects, a lot of geological survey that should be done, so it doesn't mean we will start doing something tomorrow. We should investigate all the possibilities; not only in production, but in other areas where Alrosa and Russian expertise might be helpful."

Mr Ivanov added: "We didn't discuss marketing because Zimbabwe is capable of selling their rough (diamond) production.

"We discussed with the Minister of Mines, also, the current situation and we think in general the sales system is improving and the Zimbabwean economy is benefiting from the new system of selling diamonds. We see also potential for increasing the production and this will also be very beneficial for Zimbabwean people and the economy."

- zimappers

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Zimbabwean born top PIC executive suspended in SA

by Staff reporter | 22 January 2019 | 73 Views

ZCTU boss charged with subversion

by AP | 22 January 2019 | 78 Views

'Heads will roll,' says Mnangagwa

by Staff reporter | 22 January 2019 | 97 Views

Mthuli Ncube sees fiscal order taming inflation, budget gap

by Bloomberg | 22 January 2019 | 74 Views

Jonathan Moyo takes Mnangagwa head on

by Mandla Ndlovu | 22 January 2019 | 72 Views

'Release political prisoners before dialogue' Chamisa says

by Nelson Chamisa | 22 January 2019 | 88 Views

MDC polishes art of violence

by Chigumbu Warikandwa | 22 January 2019 | 53 Views

Chiwenga captures Herald?

by Mandla Ndlovu | 22 January 2019 | 83 Views

Mnangagwa calls for dialogue with MDC

by Mandla Ndlovu | 22 January 2019 | 184 Views

Mnangagwa condemns Army killings

by Mandla Ndlovu | 22 January 2019 | 154 Views

Tajamuka speaks on natioanl dialogue

by Mandla Ndlovu | 22 January 2019 | 147 Views

Kombis feel the heat

by Staff reporter | 22 January 2019 | 120 Views

Zanu-PF applauds Govt interventions

by Staff reporter | 22 January 2019 | 110 Views

MNOs restore full Internet services

by Staff reporter | 22 January 2019 | 86 Views

'Restraint by Zimbabwe security forces saved lives'

by STaff reporter | 22 January 2019 | 80 Views

Zimbabwe ignores second protest push

by Staff reporter | 22 January 2019 | 99 Views

Zimbabwe Regime change agenda exposed

by Staff reporter | 22 January 2019 | 91 Views

Kombis reduce fares

by Staff reporter | 22 January 2019 | 84 Views

Rogue protestors cop 'killers' in court

by STaff reporter | 22 January 2019 | 86 Views

Armed robber disarmed, killed

by Staff reporter | 22 January 2019 | 86 Views

MDC MPs, 21 others denied bail

by Staff reporter | 22 January 2019 | 87 Views

Residents dump looted goods in bush

by Staff reporter | 22 January 2019 | 89 Views

Man arrested for stoning Zanu-PF offices

by Staff reporter | 22 January 2019 | 77 Views

Zimbabwe probe third force behind looting orgy

by Staff reporter | 22 January 2019 | 85 Views

Low pupil turn-out at schools

by Staff reporter | 22 January 2019 | 72 Views

Khaya Moyo challenges authorities to sort fuel coupons mess

by Staff reporter | 22 January 2019 | 57 Views

MDC MPs meet over persecution

by Staff reporter | 22 January 2019 | 52 Views

MDC-Alliance planned shutdown flops

by Staff reporter | 22 January 2019 | 50 Views

Soldiers deployed to guard ZUPCO buses

by newzimbabwe | 22 January 2019 | 57 Views

Tocky Vibes blasts army, police for killing civilians

by Staff reporter | 22 January 2019 | 51 Views

Man in court for dating minor

by Staff reporter | 22 January 2019 | 49 Views

Mphoko fraud trial stalls

by Staff reporter | 22 January 2019 | 42 Views

Police block Bulawayo Gukurahundi march

by newzimbabwe | 22 January 2019 | 49 Views

Mnangagwa will never change his spots

by Fin24 | 22 January 2019 | 58 Views

Another warrant of arrest for Chief Ndiweni

by Staff reporter | 22 January 2019 | 48 Views

Zanu-PF youths raid Kwekwe money changers

by Staff reporter | 22 January 2019 | 58 Views

Prosecutors dodge Mandiwanzira's trial

by newzimbabwe | 22 January 2019 | 51 Views