Alrosa, Endiama Aim to Develop Angola Industry

RAPAPORT… Alrosa has signed an agreement with
Angola’s state-run diamond-mining company to develop joint projects and share
information.



Alrosa and Endiama have committed to work together on
research and exploration projects in Angola. The Russia-based miner will also
provide training for Angolan specialists at its facilities.


“For both Russia and Angola, the diamond industry is an
important part of national life,” Alrosa CEO Sergey Ivanov said last week. “This
is [about] jobs for people and dozens of social projects implemented for them. We
are pleased to seal our long-term cooperation with an official document
proclaiming the joint desire to develop our common initiatives.” 


Under the memorandum of understanding — which was signed by Ivanov and José Ganga
Junior, chairman of Endiama’s administrative council — the parties will share
technology and knowledge on mining and the diamond industry, as well as
cooperate on diamond sales.


The companies will partner to create industry-wide
initiatives aimed at promoting diamond products in key markets, and will work
on the development of global industry self-regulation mechanisms, Alrosa added.



Alrosa and Endiama are cofounders of Catoca, Angola’s largest
diamond mine and the fourth-largest in the world. The companies have been
conducting exploration in the country as part of a joint venture since 2014.


Image: Rough-diamond sorting at Alrosa. (Alrosa)