Zimbabwe, Russia pen diamond mining deal

President Emmerson Mnangagwa yesterday oversaw the signing of a memorandum of agreement between the Zimbabwe Consolidated Diamond Company (ZCDC) and Alrosa Overseas of Russia to establish a joint venture partnership for diamond exploration, mining and marketing.

The deal is envisaged to help the country access advanced exploration and mining technology and technical capacity from Alrosa, a leading diamond mining company.

Information minister Monica Mutsvangwa told a post-Cabinet briefing yesterday that Zimbabwe was set to benefit from Alrosa’s investment across the entire
diamond value chain from exploration to sales and marketing.

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