ANGOLA’S DIAMOND SECTOR WORKING ON OPENING THE SECTOR TO SOUTH AFRICAN DIAMOND MINERS

LUANDA– The diamond sector in Angola is working on ways to enable the largest South African diamond mining companies to operate in Angola, says Laureano Paulo, the Director of Strategic Planning and Mineral Operations at Endiama, Angola’s State-owned mining company.

The country’s National Development Plan (PDN / 2018-2022), approved last April by the Council of Ministers (Cabinet) for the diamond sub-sector, projects a considerable increase in production, from the current 8.9 million carats a year to 13.8 million carats, he told the media after meeting a delegation of business people from South Africa at the headquarters of the National Diamond Company of Angola (Endiama).

Paulo stressed at the meeting Friday that South Africa’s participation in Angola’s diamond mining industry would be of great value to the sector, given its experience in the industry. Angola’s diamond sector, he added, was working on new projects and looking at the new kimberlites available.

The Director of the Department of Trade and Investment of South Africa, Zanele Sanni, who led the delegation, said she felt increasingly encouraged to prioritize the Angolan market in order to deepen bilateral relations.

She explained that the business mission which arrived in the country on Monday was on a visit to follow up on the commitments made by the heads of State of the two countries, Angola’s President JoAPound o Lourenco and South African Predident Cyril Ramaphosa during their recent meetings.

South Africa has only one company operating in the diamond sector in Angola, Trans Hex, following the exit of De Beers in 2012.

Source: NAM NEWS NETWORK