22 Apr 2018
DiamondWorld Directory
Home |
News
Home
ALROSA’s President visits Angola
Discusses development prospects of ALROSA’s investment projects in Angola
By: Diamond World News Service
|
May 18 2017 8:38AM
|
Reference: 15203  

DecreaseIncrease
ALROSA’s President Sergey Ivanov paid a working visit to the Republic of Angola. He inspected the company’s production facilities and held a number of meetings with Angolan partners to discuss development prospects of ALROSA’s investment projects in Angola.

During the meeting with Carlos Sumbula, Chairman of ENDIAMA E.P., National Diamond Company of Angola, Sergey Ivanov noted good financial results of Catoca Ltd. Mining Co. “Last year proceeds of the project reached almost USD 600 million and became completely self-contained. We are ready to be fully engaged in its further development and expect the cost effectiveness to increase,” said Sergey Ivanov.

The parties also agreed to continue operations at Kimang exploration company. We have also planned geological studies to discover new kimberlite deposits. “According to the plan, early in 2019 we will be launching projects to develop these deposits,” added Mr. Ivanov.

ALROSA President held a working meeting with Manuel Vicente, Vice President of Angola. “ALROSA will continue implementing its projects in Angola. We are carrying out research on Luaxe, the largest diamond deposit in the country, and based on its results we will determine the main stages of further development of this project," concluded Sergey Ivanov.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
ICS_InHouse_Box
Search News by City
Advertisement
HouseAd_Trade Fair
Recent Issue
2018
AVAILABLE NOW...!
News in Pictures
Videos
Bharat Diamond Sports League
Pictures: 10
Hong Kong Show 2018
Pictures: 21
11th Signature IIJS 2018
Pictures: 65
VOD DUBAI INTERNATIONAL JEWELLERY SHOW 2017
Pictures: 60
35th Hong Kong Jewellery & Gem Fair
Pictures: 16
Week in Photos – 14 to 19 August 2017
Pictures: 8
India International Jewellery Show 2017
Pictures: 16
Basel World 2017
Pictures: 31
GJEPC 50 years celebration
Pictures: 8
Mines to Market Conference 2017
Pictures: 28
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 9839
GJEPC Chairman Interview
Views: 8834
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 15378
Promo for IJ Awards 2012 at NDTV Profit
Views: 25838
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 28801
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 7607
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 27482
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 26844
Advertisement
Kiran Gems
Advertisement
Carat+
Member of:
Supporter of: