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AK Alrosa OAO May Set Up Joint Ventures to Prospect, Produce Diamonds in Botswana, Angola-Interfax

Monday, 22 Apr 2013 06:16am EDT 

Interfax reported that The management of AK Alrosa OAO, has approved the creation of new joint ventures to do search and geological prospecting work in Africa, particularly in Botswana and Angola, the Company said. Before June rolls around, Alrosa will work up an agreement with Angola's national diamond producer Endiama concerning setting up a JV for seeking out and prospecting for diamonds and operating diamond deposits in the country. The possibility of AK Alrosa OAO taking part in new search and prospecting projects was discussed early this month during a visit company President Fyodor Andreyev paid to Angola, and that is evidence of a potential for opening new primary deposits in Angola, the Company said. 

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1 Apr 2015