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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: Confluence who wrote (2702)4/5/1999 7:33:00 PM
From: Gord Bolton   of 7235
 
Interesting little tid bit from Angola.

RUSSIAN ALROSA IN CHARGE OF DIAMONDS IN ANGOLA

The Catoca ore mining and processing enterprise in Angola has completed the first phase of its project to increase capacity, and is now producing gem-quality diamonds worth US$80m a year. Catoca, which has one of the five largest diamond deposits in the world with about 200 million carats, is owned by a consortium led by ALROSA, the Russian diamond producer and exporter, and the Angolan government. ALROSA will be marketing 90% of Catoca's diamond production from next year, with the Angolan government handling the remainder.

(Ekspert, 19 Oct 1998). African Mining Monitor includes paraphrased and abstracted material with the source, which is deemed to be reliable and duly identified. AMM is unable to provide full-text copies of these original documents.
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