Following the execution of the agreement, the company plans to seek diamond prospecting areas, besides outlining geological project statement and performance specifications.
The announcement comes following the approval from its executive committee to form joint ventures to engage in prospecting and geologic exploration in African countries.
Alrosa validates evidences of high potential of discovering major primary deposits in the country citing the geological study it undertook in Angola.
Further, the committee has granted approval for a joint venture on a parity basis in Botswana to be engaged in geologic exploration aimed at discovering diamond deposits besides securing rights for their exploitation.
The prospecting operations draft to be developed by autumn 2013, the company concluded.
