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ALROSA President visits Angola

  • Published in Economy

President of JSC ALROSA Sergei Ivanov paid a working visit to the Republic of Angola.

Sergei Ivanov inspected the production facilities of the Company, and also held a number of working meetings with Angolan partners to discuss the prospects for the development of ALROSA investment projects in Angola.

In the course of the meeting with Carlos Sumbula, Chairman of the Board of Directors of the National Diamond Mining Enterprise of the Republic of Angola, ENDIAMA, Sergei Ivanov noted the positive financial results of the Katoka Mining Company. "Last year the project reached revenues of almost $ 600 million and became fully self-sufficient. We are ready to take an active part in its further development and expect to increase financial efficiency," - said Sergei Ivanov.

The parties also agreed to continue work at the Kimang exploration enterprise. In particular, it is planned to conduct geological surveys to discover new kimberlite deposits. "In accordance with the plan, in early 2019 we will enter the phase of launching projects to develop these deposits," Sergei Ivanov said.

The President of ALROSA held a working meeting with the Vice President of the Republic of Angola, Manuel Vicente. "ALROSA will continue to participate in the implementation of projects in Angola. At present, we are conducting research on the largest diamond deposit here, Luash, which will determine the main stages of the further development of this project," Sergei Ivanov said.