Multinational De Beers returns to Angola

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Multinational De Beers returns to Angola
Multinational De Beers returns to Angola

Africa-Press – Angola. The multinational De Beers Exploration Holdings Limited will once again explore diamonds in Angola, thus marking the return of that South African company to the Angolan diamond market.

As a result of an agreement with the Ministry of Mineral Resources, Oil and Gas, to be signed this Wednesday (20), in Luanda, De Beers will carry out prospecting for primary diamond deposits in a territorial extension of 9,984 km2, in the municipalities of Saurimo, Dala and Muconda, in the province of Lunda-Sul. The prospection takes place in an area of ​​9,701 square kilometers, in the municipalities of Chitato, Lucapa and Cambulo, in Lunda-Norte.

According to a document sent, De Beers’ renewed interest in diamond projects in Angola stems from the reforms implemented by the Angolan Executive in the diamond sub-sector, which provide greater transparency to the processes for granting mining rights, as well as greater participation in the socio-economic development of mining areas and the country in general.

According to the CEO (Executive Chairman) of the De Beers Group, Bruce Cleaver, the signing of these contracts represents an important milestone in our new partnership with Angola, which is based on the mutual desire to build a dynamic and successful diamond sector that can generate tangible socio-economic benefits. for the Angolan population.

“Angola has worked hard in recent years to create a stable and attractive business environment and we are delighted to be returning to active prospecting in the country. Angola remains highly promising and we are committed to being part of this new phase of development in the diamond sector. from Angola”, he said.

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