Tue, 14 Nov 2017 10:28 - Economy
The information was released Monday in Luanda by the Russian Federation deputy prime minister, Yuri Trutnev, at the end of an audience granted to him by the Angolan minister of Mineral Resources and Oil, Diamantino de Azevedo.
According to the Russian official, prospecting and a detailed study will enable to discover new mineral deposits in the country, adding that Alrosa has already invested over USD 15 million in geological prospecting.
The Russian Federation has generated a mining cooperation, which is one of the main sectors linking the two countries, this being the largest and most important project in the relation between the two nations.
The visiting deputy prime minister added that Russian companies have started operating in oil prospecting and construction of civilian and military ships.
In the meantime, he said Russia has accepted the Angolan proposal to expand cooperation to other mineral resources.
Endiama and Alrosa signed a mining investment contract for exploitation of diamonds under Luaxe project in May 2017 in the presence of Yuri Trutnev.
The visit of the Russian official is aimed at strengthening and diversifying existing bilateral cooperation with Angola.