RAPAPORT… Alrosa has appointed Vladimir Marchenko (pictured) as vice president
responsible for the Russian miner’s operations in Africa.
The company has a 33% stake in Catoca, a diamond-mining
project in Angola, and plans to increase its share, it said last week. The
miner also intends to participate in developing the new Luaxe diamond asset in
the southern African country, and is involved in exploration work in Angola and
Botswana.
“The countries of southern Africa have a great potential for
discovering new deposits, said Alrosa president Sergey Ivanov. “I am sure that
Vladimir Marchenko’s experience and professionalism will help the company to
achieve [its] desired goals.”
Alrosa Names Head of Africa Projects
The Bottom Line
- Vladimir Marchenko named vice president overseeing Alrosa's African projects.
- Alrosa holds a 33% stake in Angola's Catoca diamond mine and aims to increase it.
- The company plans to develop the Luaxe diamond project and conduct exploration in Angola and Botswana.
More Stories
Michael Hill Reports Sales Rise Across All Segments
Same-store revenue up in Canada, Australia and New Zealand.
Luk Fook Revenue Rises as Diamond-Jewelry Demand Improves
Group opens store in London, entering European market for first time.
91ct. Starlight Diamond Necklace to Headline Christie’s Shanghai
William Goldberg jewel carries high estimate of $2.7 million.
