ALROSA expects diamond production under the project Luashe (Luaxe) in Angola will start in 3-4 years, he said at the WEF president Andrei Zharkov. This is the agency "Prime".
Capital investments in Luashe project for the duration of his life is estimated at $ 1 billion. To run it in the work will need between $ 200 and $ 300 million dollars, the volume of production is expected to about 10 million carats of diamonds per year.
"This is a very large field, so it will run slowly. Rather, in two or three stages. It will initially practiced by some units. Start working out of one of the field units can be expected in future, the next three to four years ", - said Zharkov.
"Now there is a further exploration. After that, begin to develop the project and it will be possible to begin construction ", - he added.
According to Zharkov, a legal person (the project operator), which would be distributed in the proportion of partners has not yet been created. "I think we will negotiate may happen revaluation of shares. It is quite possible we will seek a greater share ", - said the head of ALROSA.
Catoca ( "Catoca") mining diamonds in the province of Lunda Sul, in the Republic of Angola. The main participants of the society are ALROSA (32.8%), the Angolan state company Endiama (32.8%) and other shareholders.
"The control package - 50% - owned by the Angolan side. Endiama Company expects that the amount of 30% in this project will participate independently, the remaining percentage will be distributed among other Angolan companies. For the second 50% - the best part, we expect, will be owned by Alrosa, the part will belong to our partners in the Catoca ", - said earlier Zharkov.
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