Zimbabwe needs ALROSA's sophisticated diamond exploration technology
There were reports last April that Russia’s diamond monopoly ALROSA is considering resuming business in Africa, which it put on hold in 2009. Kommersant newspaper reported at the time that ALROSA had been in talks with the Angolan government and also planned to set up ventures in Botswana and Zimbabwe. Last month, ALROSA and the Angolan state-diamond miner Endiama signed a joint venture agreement to survey and prospect diamonds outside of the Catoca diamond mine project. ALROSA and Endiama own 32.8-percent stakes in Catoca respectively.
Alrosa president Fedor Andeev also said that geological studies showed that Angola’s diamond potential totalled around 1 billion carats. Of over 1,000 known kimberlite deposits, only three are being explored, including the Catoca mine, which accounts for 87 percent of Angola’s diamond production. Meanwhile, Botswana Diamonds, which holds 13 exploration licenses in the southern African country told Rough & Polished, an industry news agency that it would likely sign a Joint Venture with ALROSA for the purpose of looking for new kimberlite bodies.
Company executive chairperson John Teeling said ALROSA will use new technology to identify large diamondiferous kimberlites in Orapa. “We negotiated a joint venture agreement with a world class diamond producer (ALROSA… Botswana Diamonds has already signed and we are now waiting for the diamond major to do so.
This is a significant development [for our company],” he said.... Read the full, comprehensive news article and discuss at Nehanda Radio