ALROSA is satisfied with the outcome of the sale of its stake in Angola's Catoca diamond company, and is interested in further work in Africa, said Russian diamond miner’s CEO.
Earlier ALROSA reported that it received 15.9 billion rubles ($200 million) for its 41% stake in Catoca.
"We are satisfied with the results of the deal to sell our stake in Catoca," ALROSA CEO Pavel Marinychev said in an interview with TASS.
He also noted that the company is interested in further work in Africa, in particular, good prospects are observed in Zimbabwe.
"ALROSA continues to actively work in Zimbabwe - we see good prospects here in terms of discovering new deposits of diamonds and other minerals. In addition, ALROSA’s expertise remains in demand in the Central African Republic, Mozambique, South Africa, and Namibia,” Marinychev said, adding that the company remains open to cooperation, exchange of experience, and implementation of joint investment projects both in these and in other countries.
Theodor Lisovoy, Managing Editor, Rough&Polished
