Russia’s Alrosa group and Angola’s national diamond company Endiama have signed a memorandum of understanding to increase bilateral cooperation, the group said in a statement.
The statement added that the memorandum, in addition to increasing economic, scientific and technological cooperation, will make it possible to identify areas of mutual interest for the development of diamond production in Angola.
The document signed between the parties also includes the promotion of technologies and the transfer of knowledge in mining and other activities, as well as in diamond sales mechanisms.
The memorandum of understanding was signed by the president of Endiama, José Ganga Júnior and by the chief executive of the Alrosa group, Sergey Ivanov, in the presence of the presidents of Angola, João Lourenço and Russia’s Vladimir Putin.
In order to carry out what was stipulated in the document, the parties agreed to develop joint projects such as geological and mining exploration, to train Angolan staff at the Alrosa group’s facilities, as well as to finance future projects and those already underway.
The Alrosa group and Endiama are co-founders of Angolan mining company Sociedade Mineira da Catoca, which operates the largest diamond deposit in Angola with an annual output of about 6.8 million carats, with estimated reserves of 120 million carats. (Macauhub)