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.
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,
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.
Mining11d
Alrosa plans production cuts and staff reduction for 2025
Russian diamond miner Alrosa may suspend some production in 2025 and cut staff as it faces challenges with low global prices, ...
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.
Israeli Diamond1d
Alrosa Considering Reducing Diamond Mining in 2025
Alrosa will reduce production at its less profitable diamond deposits next year due to the challenges currently facing the ...
Investing News Network on MSN10d
Alrosa to Cut Production and Staff to Counter Diamond Market Slump
Russia's state-owned diamond miner, plans to suspend certain operations and reduce its workforce in 2025 as it confronts ...
IDEX Online4d
Alrosa's U-turn on Sales to Gokhran
(IDEX Online) - Alrosa is to sell a batch of rough diamonds, among them a 390.7-carat stone, to the Gokhran as it battles ...
Israeli Diamond3h
Early Signs of Diamond Price Stabilization in November
Diamond prices appear to be stabilizing, largely due to a decline in diamond supply, according to the IDEX Online diamond ...