Omani firm replaces sanctions-hit Alrosa in Angolan diamond miner
5 days ago — 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.
Oman Firm Replaces Sanctioned Alrosa in Angolan Diamond Miner
5 days ago — An Omani state-backed fund has acquired shares in Angola’s Catoca diamond-mining joint venture from Russia’s Alrosa PJSC. Maaden International Investment LLC’s stake …
Angola removes sanctioned Alrosa from its diamond mines ahead …
5 days ago — Alrosa’s exit will end more than two decades of Russian involvement in Angolan diamond exploration and production, dating back to the 1990s, before the end of the country’s …
Angola Replaces Alrosa with Oman in Diamond Mining Operations
3 days ago — Angola has sidelined Alrosa from all its diamond-mining interests in the country as sanctions on the Russian miner caused bottlenecks in selling rough. Alrosa has sold its stake …
Sanctioned Alrosa Walks Away from Angola Partnership
4 days ago — Alrosa held a 41 per cent share in the Catoca Mining Society (Sociedade Mineira de Catoca), which owns Catoca and the newly-opened Luele mine. The shares have been …
Russia's diamond miner Alrosa to cut production and staff in 2025
MOSCOW, Nov 21 (Reuters) - 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 …
Alrosa plans to scale back production and trim headcount
Nov 22, 2024 — Russian diamond mining company Alrosa could halt some of its production and reduce its workforce size in 2025, reports Reuters citing the company’s CEO Pavel …
Alrosa to Cut Production and Staff to Counter Diamond Market …
Nov 22, 2024 — 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 …
Russia's war sanctions: EU targets Alrosa, the ... - Associated Press News
Jan 3, 2024 — BRUSSELS (AP) — The European Union imposed sanctions on the world’s biggest diamond mining company and its chief executive officer on Wednesday as part of what it …
How the West convinced Russia’s diamond competitors to join it
1 day ago — Alrosa, the Kremlin-owned mining company, had a 41 percent stake in a joint venture with its Angolan counterpart. Opening a verification point in Angola could mean Alrosa …