Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalThe Catoca diamond mine is the fourth largest diamond mine in the world, and is located in Angola. The mine is located on a kimberlite pipe. The mine is owned by a joint venture between the Angolan state-owned company Endiama, and the Russian company Alrosa.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalThe Angolan government demanded that the Russian group of Alrosa (more than 60% of the shares belong to the Russian Federation) withdraw from the diamond mining project at the Catoca mine due to Western sanctions. The development of the deposit is carried out by Sociedade Mineira de Catoca, 41% of which is owned by the Angolan national company Endiama. Alrosa owns a similar stake. Another 18% of the shares are held by the international holding LL International Holding B.V.
| January 19, 2024 | Angola forces Russian multinational Alrosa to leave Catoca Society |
| Sociedade Mineira De Catoca, LDA |