“The Omani state fund bought the share of the Russian PJSC “Alrosa” in the Angolan diamond mining business Catoca, from which the Russian company did not receive dividends due to sanctions.”, — write: epravda.com.ua
The Omani state fund bought the share of the Russian PJSC “Alrosa” in the Angolan diamond mining business Catoca, from which the Russian company did not receive dividends due to sanctions. This is reported by Bloomberg. The purchase of a 41% stake in Alrosa by Oman’s Maaden International Investment LLC was announced on Thursday by the Minister of Mineral Resources of Angola, Diamantino Azevedo. Maaden International, which is owned by a consortium of Omani investors led by a state-owned firm, bought 24% of the gold mining company’s shares from Russian investors, including billionaire Alexander Nesis, in January. Advertisement: Alrosa has been under US sanctions since April 2022. The EU introduced sanctions at the beginning of 2024.Advertisement: According to the Angolan publication EXPANSÃO, the Russians cannot transfer the dividends received from their share in the Catoca mine for the third year in a row. The total amount of unreceived funds is 322.0 million dollars. “Alrosa” “will no longer be part of this partnership due to the international sanctions imposed on Russia”, – said the minister of mineral resources of Angola. As early as January 2024, Angola advocated for Alrosa to withdraw from the joint diamond business due to toxic relations with the company.
