Alrosa negotiates exit from Catoca diamond mine
The sanctions-hit Russian diamond giant Alrosa wants to pull out of Angola and is in talks with its Angolan homologue, Endiama.
Executives from the Russian mining group and the Zimbabwean president reached agreement during the recent Russia-Africa summit on a resumption of the group's mining operations in Zimbabwe. Both parties are under pressure from US sanctions.
As the government edges closer to clinching a new agreement with diamond giant De Beers and puts the finishing touches on its partnership deal with Belgian trader HB Antwerp, Gaborone has tended to brush off any criticism by attributing it to the opposition behind former president Ian Khama.
HB Antwerp is in talks with the state-owned Okavango Diamond Co over a diamond trade partnership, which the Belgian trader is hoping to show would be more profitable for the Botswana government than its arrangement with sector giant De Beers.
De Beers claims to source its diamonds only from Africa and Canada, but last year it sold stones of Russian origin in the United States. The firm also bought diamonds in 2022 from the Russian firm Alrosa via an Israeli company.