Alrosa reaffirms investments in projects in Angola, at home

Russian diamond miner Alrosa has reaffirmed its confidence in the future of diamond mining in Angola. “We see a lot of potential in our infrastructure projects, including those in Angola,” stated Alrosa president Sergey Ivanov at the groups’ Annual General Meeting (AGM) at the end of last month. “We have already signed documents on the establishment of a joint venture company for the development of the Luele pipe – the largest discovered over the past 60 years. Alrosa also plans to increase its share in Catoca Limited Mining Company up to 41%.”