In a significant geopolitical move, Angola has removed the Russian state diamond company Alrosa from its diamond mines, selling its 41% stake to an Omani-backed investment fund, Maaden. This decision aligns with U.S. efforts to extend global sanctions against Russia and marks a shift in Angola's foreign relations, moving closer to Washington [84c3678f]. The sale comes on the heels of a meeting between President Joe Biden and Angolan President João Lourenço at the White House in November 2023, highlighting the strengthening ties between the two nations [84c3678f]. Historically, Angola has maintained strong relations with Moscow and Beijing, being a significant crude exporter to China and its largest borrower in Africa [84c3678f].
Additionally, Endiama, Angola's state diamond company, retains another 41% stake in the Catoca diamond mine, which is one of the largest in the world. In 2022, the Angolan government had previously seized the remaining ownership from a Chinese investor, further indicating its strategic realignment in the diamond sector [84c3678f]. This move is part of a broader trend of Angola reassessing its international partnerships amidst changing global dynamics [84c3678f].
Meanwhile, Anglo American plc, the owner of De Beers, reported a reduction in its workforce in Namibia, dropping from 1600 to 1500 employees. The company, which operates through a joint venture with the Namibian government, has faced challenges in 2023 but remains committed to sustainable mining practices and socio-economic development [0132d247]. In 2023, Anglo American's total procurement in Namibia reached US$287 million, with significant investments in local communities and a commitment to carbon neutrality by 2040 [0132d247].