Angola removes sanctioned Alrosa from its diamond mines

Omani firm replaces sanctions-hit Alrosa in Angolan diamond miner
A subsidiary of the sovereign wealth fund of Oman is replacing Russian sanctions-hit Alrosa in Angola's state-controlled diamond miner Catoca, an Angolan official said on Thursday. Angola has been under pressure to cease its long-standing partnership with Russian state-controlled Alrosa,
Angola removes sanctioned Alrosa from its diamond mines ahead of US visit
Alexei Moiseev, Russia’s deputy finance minister, told Russian media last month that Alrosa was ready to exit Angola, but it would not sell its stake in Catoca to Anglo American-owned De Beers, the group’s biggest rival in the global diamond market.
Sanctioned Alrosa Walks Away from Angola Partnership
Angola's mineral resources minister Diamantino Azevedo announced the sale on Thursday (28 November). He said Alrosa "will no longer be part of this partnership due to international sanctions imposed on Russia". Sanctions were harming Angola's credibility in the international diamond market, he said.
Oman Firm Replaces Sanctioned Alrosa in Angolan Diamond Miner
An Omani state-backed fund has acquired shares in Angola’s Catoca diamond-mining joint venture from Russia’s Alrosa PJSC.
Russia's diamond miner Alrosa to cut production and staff in 2025
Russia's Alrosa, the world's largest producer of rough diamonds by volume, may suspend some production in 2025 and cut staff as it grapples with low global prices, the sanctions-hit company's CEO, Pavel Marinychev,
Oman takes 41% stake in Angolan diamond miner
Oman’s Maaden International Investment has acquired a 41 percent share in Angolan diamond miner Catoca from Russia’s Alrosa. Diamantino Azevedo, Angola’s minister of mineral resources, oil and gas, announced the decision,
Sanctioned Russia Sells Shares In Angolan Diamond Mines
Angola has announced that Russian shares in two of its major diamond mines have been sold to an Omani-backed fund as a result of international sanctions, a government official said.
Alrosa plans to scale back production and trim headcount
The move comes amid "deep crisis" in the global diamond industry and the Western sanctions’ impact on Russian diamond sales.
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