ALROSA’s Deputy CEO responsible for Africa leaves company

Vladimir Marchenko, Deputy CEO of ALROSA, responsible for production activity in African countries has left the company. Marchenko joined ALROSA in September 2017. He is moving to a position with a different mining company, according to a report from ALROSA.

During his time with ALROSA, Marchenko implemented important diamond industry projects in Africa. In particular, under Marchenko’s leadership ALROSA established close cooperation with Zimbabwe in searching for new diamond deposits.

ALROSA’s most significant asset in Africa was its 41% stake in the Angolan diamond mining company Catoca, which the Russian company founded along with the local state corporation Endiama. In addition to Catoca, ALROSA was involved in a joint venture with Endiama for developing the large-scale Luaxe diamond project. It is anticipated that Luaxe will reach its planned annual production level of 8 million carats by 2027.