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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,

Bloomberg L.P. · 18h

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.

The Financial Times · 13h

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.

Reuters on MSN · 7d

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,

IDEX Online19h

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 ...

Mining7d

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, ...

Investing News Network on MSN6d

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 ...

Yahoo6d

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 ...

FXEmpire.com1mon

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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