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Leviev said to increase cooperation with Alrosa in Angolan mines.(FACETS)

Publication: Israel Diamonds
Date: Wednesday, June 1 2005

Israel's Leviev Group has increased its cooperation with Russian diamond mining monopoly Alrosa, with both firms increasing their investment in Angola's largest diamond mine, Catoka, reported the Israeli business daily Globes, which cited Alrosa CEO Alexander Nichiporuk. Nichiporuk was quoted as saying that production at Catoka is to be increased from $170 million a year to $300-350 million.

The mine's reserves are estimated at 60 million carats, and stakeholders include Alrosa and the Angolan government-owned diamond mining firm Endiama with 32.8 percent each, the Levi

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