Alrosa CEO, Angolan President discuss Catoca shareholding

Alrosa CEO Sergey Ivanov and Angolan President João Lourenço this week held their second meeting to discuss issues related to the closing of the transaction to increase Alrosa's shareholding in Catoca Mining to 41%. "Recently, we have seen positive changes related to increasing of transparency and improving the investment climate in Angola. I am sure that the efforts being taken by the Republic's authorities to attract investments to the economy, will soon bear fruit and will contribute to the launch of new large projects," Ivanov said after the meeting, which was held on the sidelines of the World Economic Forum, in Davos, Switzerland. The Russian miner was a co-founder of Catoca Mining, through which it also plans to participate in the development of the Luaxe concession.