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,
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 diamond industry
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.
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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, ...
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Alrosa plans to scale back production and trim headcount
The company looks to restart production if market conditions improve. Credit: Bjoern Wylezich/Shutterstock. Russian diamond ...
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Alrosa to Cut Production and Staff to Counter Diamond Market Slump
Alrosa (MCX:ALRS), Russia's state-owned diamond miner, plans to suspend certain operations and reduce its workforce in 2025 as it confronts falling global diamond prices and the impact of ...
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Shares in Russia’s Alrosa drop as U.S. expands sanctions on company
(Reuters) -Moscow-listed shares of state-controlled diamond miner Alrosa were down 12% on Friday after the United States expanded sanctions on the company, aiming to cut off additional sources of ...
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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 ...