Diamond News
Oman’s Maaden Replaces Alrosa in Angola’s Catoca Mine
The Diamond Loupe
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Oman’s Maaden Replaces Alrosa in Angola’s Catoca Mine
The Angolan government announced that Maaden International Investment, a subsidiary of Oman’s sovereign wealth fund, will replace Russia’s Alrosa in the Catoca diamond project. The decision, announced by Minister of Mineral Resources, Petroleum, and Gas Diamantino Azevedo, follows U.S. and European sanctions on Alrosa, which had impacted Angola’s diamond sector and its credibility in international markets.
