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In 2016, Robert Mugabe, then the president of Zimbabwe, announced that a mining company had looted diamonds worth $15bn from the country. The company was Anjin, a joint venture between a Chinese firm and the Zimbabwean military.
Anjin strongly denied the allegations. But considering the dire state of the country at the time – a collapsed healthcare system, chronic fuel and food shortages, dilapidated roads – the claims were explosive.
Yet in January this year, the state-owned Zimbabwe Consolidated Diamond Company pulled out of the most lucrative diamond-producing block in the east of the country and handed it over to the very same company: Anjin.
Alrosa Steps up Diamond Exploration in Zimbabwe May 24, 21 by John Jeffay
(IDEX Online) - Alrosa is to widen its diamond exploration program in Zimbabwe.
It has increased its stake from 25 to 35 the number of diamond prospecting special grants it holds in the country.
The Russian state-owned miner announced a joint venture in December 2019 with the Zimbabwe Consolidated Diamond Company (ZCDC) to jointly explore for gems. Alrosa holds 70 per cent, ZCDC holds 30 per cent. Alrosa is optimistic about the prospects of the diamond industry in Zimbabwe, said the company in a statement.
Initial exploration will take place in mountainous Chimanimani (
pictured), in south-eastern Zimbabwe, close to the border with Mozambique, an area known to attract Russian prospectors a