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Sanctions-hit Alrosa's woes impact on continent's diamond producers

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“Africa in the Russia-Ukraine war”

AFRICA RUSSIA UKRAINE

Africa in the Russia-Ukraine war

Despite taking place thousands of kilometres from Africa, Russia's invasion of Ukraine is having a substantial impact on the continent's economies and governments. Facing hurdles in the supply of grain, fertiliser and fuel, and starved of Russian investment, especially in mining projects, African countries are trying to adapt to the crisis while Moscow and Western countries are lobbying hard to bring them into line with their respective positions. [...]

The West's sanctions on the Russian mining colossus Alrosa, the world's largest diamond producer, are taking a huge toll on Angola, its main partner. That has left the field open for the world's second largest diamond producer, Botswana, to charge ahead. [...] (1333 words)

Issue dated 23/05/2022 Reading time 6 minutes

Angolan President Joao Lourenco (C) watches as Endiama CEO Jose Manuel Augusto Ganga Junior (L) shakes hands with Alrosa CEO Sergei Ivanov (R), in the Kremlin in Moscow, 4 April 2019. © Alexei Druzhinin/Sputnik/Kremlin Pool

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Mining

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ANGOLA
BOTSWANA
SIERRA LEONE
ZIMBABWE
Alrosa
Aura Blockchain Constorium
Bonas Group
Boston Consulting Group
Bruce Cleaver
De Beers
Emmerson Mnangagwa
Endiama
European Union
Jacob Thamage
João Lourenço
José Manuel Ganga Júnior
Kimberley Process
Lucara Diamond
LVMH
Mining Indaba
Mokgweetsi Masisi
Newfield Resources
OTB
Prada Group
Richemont
Rio Tinto
Sarine
Sergey Ivanov
Sociedade Mineira de Catoca
Sociedade mineira do Luaxe
Société minière de Bakwanga
Sodiam
Vladimir Marchenko
Zimbabwe Consolidated Diamond Company

Kimberley Process set for stormy session in Gaborone

The upcoming Kimberley Process plenary session is set to be dominated by the question of whether Russian precious stones should now be classed as "conflict diamonds", and by Botswana's bid to host the organisation's future permanent secretariat. [...]

ZIMBABWE Mining 17/10/2022

Chiadzwa diamonds inches towards conclusion

After over six years of legal wrangling, the $375m legal dispute between state-owned miner ZMDC and its former partner in the Chiadzwa diamond field could soon be settled. Zimbabwe's courts want to see the case closed. [...]

BOTSWANA Commodity traders 05/09/2022

How Rosy Blue bought its first diamond cutting facility in Botswana

After more than two decades of trying, the Indian-based diamond producer Rosy Blue has at last managed to secure a diamond cutting facility in Botswana. [...]

ANGOLA Mining 30/06/2022

Geoangol spearheads Luanda's mining strategy

Now controlled by the state-owned diamond company Endiama, the geological analysis laboratory is to help the Luanda authorities build up data on the country's mineral resources with a view to attracting investors. [...]

BOTSWANA Mining 27/06/2022

Masisi-Khama standoff casts shadow on Debswana vs Infotrac trial

The trial of a former private intelligence provider against the diamond giant Debswana is making ripples that can be felt as far as the presidential palace in Gaborone. President Masisi's side see the case as yet another front in its dispute with exiled former head of state Ian Khama. [...]

Botswana President Mokgweetsi Masisi (right) and Ian Khama.

SIERRA LEONE Mining 24/05/2022

Freetown doubles its efforts to promote diamond potential

Sierra Leone is willing to start analysis of its mineral resources to clarify a study carried out a few months ago and, more importantly, get back in touch with investors. [...]

BOTSWANA Mining 28/03/2022

Masisi's diamond strategist, Jacob Thamage, visits UN headquarters in New York

Botswana's Jacob Thamage, coordinator of state-owned diamond-processing centre Diamond Hub Botswana and new chair of the Kimberley Process following Botswana's assumption of the organisation's presidency in November, was in New York 21-22 March [...]

BURKINA FASO GUINEA RUSSIA Mining 22/03/2022

Sanctioned Russian oligarch Alexey Mordashov tries desperately to get his gold out of Africa

Alexey Mordashov, who has been put on the British Treasury's sanctions list following the Russian invasion of Ukraine, is struggling to find a refiner for the gold produced by his UK-listed Nordgold group in Burkina Faso and Guinea. [...]

Nordgold's chief legal officer Alexey Mordashov.

ANGOLA Mining 21/03/2022

Will Angolan diamonds of Russia's Alrosa soon be scrutinised by the Kimberley Process?

The risk of seeing diamonds produced by Russian group Alrosa, including in Angola, being used to finance Russia's war on Ukraine has brought a reaction from the civil society coalition monitoring implementation of the Kimberley Process. [...]

Spotlight

AFRICA RUSSIA Mining 02/03/2022

Ukraine-Russia: Oligarchs' African mining projects struck hard by economic sanctions

As the mining industry struggles to take in the impact of the historic sanctions slapped on Russian banks and capital by Washington, Brussels and London, Russia's private and state-owned mining firms on the continent are preparing for when their funds run dry. [...]

SOUTHERN AFRICA UNITED STATES Mining 02/02/2022

Tracr diamond tracking software battle resumes with De Beers and BCG lawsuit

After more than a year of waiting, a former BCG employee is resuming legal action against the company and De Beers over the development of its Tracr blockchain-based diamond tracking software, which he claims was based on the results of his doctoral research in the field. [...]

ANGOLA Mining 08/12/2021

Set up email notifications for these topics

ANGOLA
BOTSWANA
SIERRA LEONE
ZIMBABWE
Alrosa
Aura Blockchain Constorium
Bonas Group
Boston Consulting Group
Bruce Cleaver
De Beers
Emmerson Mnangagwa
Endiama
European Union
Jacob Thamage
João Lourenço
José Manuel Ganga Júnior
Kimberley Process
Lucara Diamond
LVMH
Mining Indaba
Mokgweetsi Masisi
Newfield Resources
OTB
Prada Group
Richemont
Rio Tinto
Sarine
Sergey Ivanov
Sociedade Mineira de Catoca
Sociedade mineira do Luaxe
Société minière de Bakwanga
Sodiam
Vladimir Marchenko
Zimbabwe Consolidated Diamond Company

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From Texas to South Kivu's highlands, Mahoro Peace Association's complex channels finance militia

Energy lobbyist NJ Ayuk smooths relations between Pretoria and Riyadh

Sanctions-hit Alrosa's woes impact on continent's diamond producers

Africa in the Russia-Ukraine war

This article may be accessed by subscribers and e-wallet holders (USD 31)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Kimberley Process set for stormy session in Gaborone

Chiadzwa diamonds inches towards conclusion

How Rosy Blue bought its first diamond cutting facility in Botswana

Geoangol spearheads Luanda's mining strategy

Masisi-Khama standoff casts shadow on Debswana vs Infotrac trial

Freetown doubles its efforts to promote diamond potential

Masisi's diamond strategist, Jacob Thamage, visits UN headquarters in New York

Sanctioned Russian oligarch Alexey Mordashov tries desperately to get his gold out of Africa

Will Angolan diamonds of Russia's Alrosa soon be scrutinised by the Kimberley Process?

Ukraine-Russia: Oligarchs' African mining projects struck hard by economic sanctions

Tracr diamond tracking software battle resumes with De Beers and BCG lawsuit

Botswana Diamonds eyes Angolan stones Free

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Bombarded on the oil front, Joao Lourenco shores up his mining turf

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This article may be accessed by subscribers and e-wallet holders (USD 31)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Kimberley Process set for stormy session in Gaborone

Chiadzwa diamonds inches towards conclusion

How Rosy Blue bought its first diamond cutting facility in Botswana

Geoangol spearheads Luanda's mining strategy

Masisi-Khama standoff casts shadow on Debswana vs Infotrac trial

Freetown doubles its efforts to promote diamond potential

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Will Angolan diamonds of Russia's Alrosa soon be scrutinised by the Kimberley Process?

Ukraine-Russia: Oligarchs' African mining projects struck hard by economic sanctions

Tracr diamond tracking software battle resumes with De Beers and BCG lawsuit

Botswana Diamonds eyes Angolan stones Free

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Bombarded on the oil front, Joao Lourenco shores up his mining turf

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: