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Alrosa buys stake in Angola's largest diamond deposit for $70 million

Cecilia Jamasmie | January 12, 2018 | 8:29 am Energy Africa Europe Diamond 

Russian miner Alrosa (MCX:ALRS), the world’s top diamond producer by output, received Friday approval from Angolan President Joao Lourenço to expand its stake in local producer Catoca. The deal, worth $70 million, gives Alrosa a further 8.2% stake in Catoca...

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