AK Alrosa PAO (Aktsionernaya kompaniya
ALROSA PAO or ALROSA Company PJSC), formerly AK Alrosa OAO, is a
Russia-based company which is principally engaged in the exploration,
mining, manufacture and sales of diamonds. Its operations include five
Integrated Mining and Processing Complexes: Mirny, Udachny, Aikhal,
Anabar and Nyurba located in the Sakha Republic; sorting divisions and
diamond cutting and polishing division. The Company is a member of
variable diamonds associations. It operates through several
representative offices, branches and subsidiaries, including
Alrosa-Nyurba OAO, Almazy Anabara OAO and Severalmaz OAO.
ALROSA to participate in the development of the largest deposit in Angola
Moscow, May 23, 2017 – PJSC ALROSA, the world leader in diamond mining,
will participate in the development of a new diamond deposit in Angola.
As part of a visit of the Russian official delegation headed by the
Deputy Prime Minister of the Russian Federation Yury Trutnev to Angola,
ALROSA President Sergey Ivanov. President of ALROSA Sergey Ivanov and
President of national diamond company Endiama Antonio Carlos Sumbula
signed constituent documents on the establishment of Luaxe
international enterprise on May 23, 2017, in Luanda (Republic of
They signed memorandum of understanding between Endiama and ALROSA,
Luaxe international investment contract and notarial record of
establishment of Luaxe enterprise.
Russian Deputy Prime Minister outlined that cooperation in diamond
mining, in particular between ALROSA and Endiama, is the key component
of economic cooperation between Russia and Angola. He also noted that
development of new projects, active exploration and search for new
deposits have positive impact on the economic advancement of Angola and
partnership of two countries.
In 2013, a kimberlite pipe named Luele was found in the Luaxe
concession area in the scope of exploration operations carried out by
ALROSA in cooperation with Angolan experts. “Over the past few years,
ALROSA, acting with the support of the Russian Government, has been
engaged in negotiations with Angolan top management and investors.
Consent to sign a mining investment agreement for exploration and
assessment of the deposit, as well as for signing a contract between
founders of a company for the development of Luele deposit was obtained
as a result of negotiations,” said Yury Trutnev.
ALROSA will be involved in the project through Catoca (where it owns
32.8%), which will obtain a 50.5% share in the new structure. ALROSA is
also going to submit to the Company Supervisory Board a proposal to
purchase directly another 8% in Luaxe. ALROSA also plans to increase
its share in Catoca Ltd. Mining Co.
Considering the size of the ore body and preliminary exploration data,
the development of Luele will be of great economic interest for project
participants. “Luele pipe is the largest of all those discovered
worldwide over the past 60 years since the discovery of deposits in
Yakutia. As a specialized investor in Luaxe project, ALROSA, who has
relevant professional competence, will assume obligations for the new
company’s project solutions and technical policy. The total commercial
value of the deposit is assessed as over USD 35 billion,” noted Sergey