Alrosa, Angola and Oman

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,
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.
Angola removes sanctioned Alrosa from its diamond mines ahead of US visit
Angola has removed the world’s largest diamond miner, Russian state-owned Alrosa, from its mines ahead of a visit by US President Joe Biden to the southern African country. The cabinet of Angola’s President João Lourenço approved the sale of Alrosa’s stake in a state-owned Angolan miner on Thursday because of sanctions on the Russian producer,
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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Alrosa to Cut Production and Staff to Counter Diamond Market Slump
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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 ...
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Alrosa announces new agreement with Russian state Diamond Fund
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified ...