News

Advanced Search

ALROSA Approves Exploration Ventures for Angola, Botswana

Apr 22, 2013 10:06 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... ALROSA's executive committee approved the  establishment of  new joint ventures for exploring rough deposits in Africa. In one particular case, the committee ordered the preparation of an agreement with ENDIAMA by June to establish a joint venture to explore in Angola as well as prioritize prospecting areas based upon ALROSA's geological documentation.

Earlier this month, ALROSA’s CEO, Fyodor Andreev,  visited Angola to discuss potential projects with ENDIAMA. It is ALROSA's contention that Angola  is primed for the discovery of a new major deposit based upon its geological research.

The committee also approved the establishment of a  prospecting draft document for a joint venture in Botswana aimed at discovering diamond deposits and obtaining exploration rights. This  prospecting operations draft would be developed by the third quarter, according to the meeting minutes.

Tags: Alrosa, Angola, Botswana, ENDIAMA, exploration, Jeff Miller, ventures
Similar Articles
Lucapa Finds Large Yellow Diamond 150Yellow Diamond Weighs In as Lulo’s Largest
Jan 18, 2018
Lucapa Diamond Company recovered a 43-carat yellow diamond, the largest colored gem-quality stone it has unearthed
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.