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.
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,
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.
Mining9d
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 MSN8d
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 ...
Yahoo8d
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 ...
IDEX Online4m
IDEX Price Report for 1 December: Prices Finally Turning a Corner
Prices appear, finally, to be turning a corner, largely in response to a squeeze on supplies. An increase in demand as we ...
Mining5d
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 ...
Interfax9d
Alrosa could suspend production at least profitable assets, optimize personnel amid protracted market crisis
MOSCOW. Nov 21 (Interfax) - Alrosa , which controls nearly one third of global diamond mining, is considering suspending production at a number of the least profitable sites in 2025 and optimizing ...
IDEX Online2d
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 ...