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AFRICA RUSSIA

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

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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 Russian mining group Rusal, controlled by Oleg Deripaska, produces bauxite in Guinea. © Rusal

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. [...] (591 words)

Published on 02/03/2022 at 04:40 GMT Reading time 3 minutes

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Mining

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African Rainbow Minerals
Alro
Alrosa
Banco VTB Africa
De Beers
Emmerson Mnangagwa
Endiama
European Union
Kudakwashe Tagwirei
Nornickel
Oleg Deripaska
Patrice Motsepe
Rosatom
Rusal
Sakunda Holdings
Sberbank
Sergei Borisovich Ivanov
Sergei Seergichev Ivanov
Swift
Vimetco
Vitali Machitski
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Vladimir Putin
Vnesheconombank
VTB Bank

Electricity ministry fears Dabaa nuclear plant delays

The $30bn Dabaa project is at the core of the special relationship between Egypt and Russia. But Cairo fears that the conflict in Ukraine will play havoc with Rosatom's schedule.

ZIMBABWE Diplomacy 06/10/2022

Mnangagwa dispatches 'referendum' observer to occupied Ukraine

Zimbabwe sent the young Tapiwa Masenda to Ukraine to observe the Russian "referendums" in Ukraine. He personally embodied Emmerson Mnangagwa and Vladimir Putin's governments' desire for rapprochement.

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

In Focus

ANGOLA BOTSWANA SIERRA LEONE ZIMBABWE Mining 23/05/2022

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

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.

SOUTH AFRICA Mining 20/04/2022

African Rainbow Minerals and Nornickel at odds over Nkomati mine

With nickel prices soaring, the South African mining group hopes to resume operations at its nickel mine. However, it seems not to have taken the trouble to inform its Russian partner and co-owner.

NIGER Mining 21/03/2022

As uranium market soars, ex-Paladins return to their first love

In recent months, the Australian junior mining company Kopore Metals has been making a shift from Botswana copper to Nigerien uranium. This is an area its general manager Caroline Keats, who previously led Tiger Resources, knows well from her years at Paladin Energy.

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.

RUSSIA WEST AFRICA Diplomacy 17/03/2022

Will Russian deputy foreign minister Bogdanov stick to West Africa tour as planned?

While its attention is focused on the war in Ukraine, the Kremlin is still taking care of its African networks, some of which are being used to help wage its diplomatic and media offensive against Kyiv.

Russian Deputy Foreign Minister for Africa and the Middle East, Mikhail Bogdanov.

CHINA GUINEA Mining Commodity traders 14/03/2022

Shandong province seeks tighter grip on its bauxite supplies

A company co-owned by the province's government is soon to sign a deal to buy Guinean bauxite for its alumina and aluminium smelters.

Spotlight

AFRICA Commodity traders Business 10/03/2022

As sanctions bite, oil traders Glencore, Gunvor and others on deck with plan B

Until now, all firms selling petroleum products in West and Central Africa were partly supplied by Russia. But since the US slapped sanctions on Russian fuels, these companies are urgently having to review their supply schedules.

Spotlight

NAMIBIA RUSSIA Mining 15/10/2021

Rosatom's uranium mine project creates a stir

After more than 10 years of exploring the uranium potential of Namibia's subsoil, the Russian state nuclear group Rosatom has applied for a permit to mine uranium in the east of the country, far away from the rest of the country's uranium operations.

SOUTHERN AFRICA Mining 06/04/2021

Buoyed by Elon Musk, southern Africa readies for nickel rush

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Glitz.paris 25/05/2023

De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

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.

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EU serves Moscow its terms for Russia's 'tax havens'

The European Union is not happy with the boost Moscow's 2018 tax changes have given to the free zones of Kaliningrad and Vladivostok, and intends to stop Russian powerhouses from moving there without compensation. This leaves Russia's finance minister performing a fine balancing act.

Russian Finance Minister Anton Siluanov has revived the issue of special administrative zones, also known as Russian offshores.

Intelligence Online 27/10/2021

Under US pressure, Deripaska hopes supporters can provide relief in Europe

The FBI conducted a new raid on 19 October on a Washington house possibly belonging to Oleg Deripaska, but the oligarch is still hoping to see the sanctions against Russia - which de facto affect his empire - lifted in Europe.

FBI raids Washington home linked to Russia's Deripaska, on 19 October 2021.

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Alro
Alrosa
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Emmerson Mnangagwa
Endiama
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Kudakwashe Tagwirei
Nornickel
Oleg Deripaska
Patrice Motsepe
Rosatom
Rusal
Sakunda Holdings
Sberbank
Sergei Borisovich Ivanov
Sergei Seergichev Ivanov
Swift
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Vitali Machitski
Vladimir Potanin
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Ukraine-Russia: Oligarchs' African mining projects struck hard by economic sanctions

Africa in the Russia-Ukraine war

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Electricity ministry fears Dabaa nuclear plant delays

Mnangagwa dispatches 'referendum' observer to occupied Ukraine

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

African Rainbow Minerals and Nornickel at odds over Nkomati mine

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

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High-end tailors Stefano Ricci and Zilli slip through cracks amid Ukraine War sanctions

EU serves Moscow its terms for Russia's 'tax havens'

Under US pressure, Deripaska hopes supporters can provide relief in Europe

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This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

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Set up email notifications for these topics

Electricity ministry fears Dabaa nuclear plant delays

Mnangagwa dispatches 'referendum' observer to occupied Ukraine

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

African Rainbow Minerals and Nornickel at odds over Nkomati mine

As uranium market soars, ex-Paladins return to their first love

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

Will Russian deputy foreign minister Bogdanov stick to West Africa tour as planned?

Shandong province seeks tighter grip on its bauxite supplies

As sanctions bite, oil traders Glencore, Gunvor and others on deck with plan B

Rosatom's uranium mine project creates a stir

Buoyed by Elon Musk, southern Africa readies for nickel rush

De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

High-end tailors Stefano Ricci and Zilli slip through cracks amid Ukraine War sanctions

EU serves Moscow its terms for Russia's 'tax havens'

Under US pressure, Deripaska hopes supporters can provide relief in Europe

Set up email notifications for these topics

First visit

Contacts

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Indigo Publications also publishes: