According to Russian media, The Russian side has established the dialog with the government of Angola on the Catoca project and the parties are holding negotiations, Deputy Finance Minister (MoF) Alexey Moiseev told reporters.
The Angolan side believes that Alrosa’s participation as a shareholder prevents it from developing the business because many market participants refuse to work with the company due to Russian Diamond Company’s participation. “Different options are now considered but their essence, we see, that we will have to sell this asset,” Moiseev said.
“There is fundamentally a normal meaningful talk there, friendly investors appeared there, with which it can be done in a way, you know, without litigation and various incidents,” Moiseev noted. The deputy minister did not detail the potential timeframe for Alrosa’s exit from the project.
Alrosa is working in Angola since 1992. It holds 41% in Catoca mining holding.
Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D
⏳ सिर्फ़ 3 दिन बाकी!
💎 Jewellery Business का महाकुंभ – DJGF 2025
650+ Exhibitors | 2500+ Brands | 1.5 लाख+ Designs
500+ Hosted Buyers | देशभर के Retailers & Wholesalers
3 दिन, सालभर की तरक़्क़ी!
13–15 सितम्बर | 📍 भारत मंडपम, नई दिल्ली
👉रजिस्टर करें: https://bit.ly/3vG6SHQ
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
