De Beers has strengthened its ties with Angola in a move aimed at increasing the country’s diamond production.
It has signed a memorandum of understanding (MoU) with Angola’s National Mineral Resource Agency, and its state-owned mining and trading companies – Endiama and Sodiam – that is also designed to support the alluvial mining sector and enhance social development.
De Beers has been prospecting for kimberlites in Angola, a country that has yet to explore 60 per cent of its diamond-rich territories, since the signing of two Mineral Investment Contracts in 2022
Angola opened its new Luele diamond mine last November, in a move that is forecast to increase annual production from 9.7m carats in 2023 to 14.6m carats this year.
Under the terms of the MoU there will be a review of kimberlite deposits to be explored and the transparency and traceability of diamond production will be promoted.
Ganga Junior, CEO of Endiama, said: “This is a strategic partnership with the objective of increasing diamond production in Angola to contribute towards the socio-economic development of our country.”
Al Cook, CEO, De Beers Group, said: “I’m delighted to strengthen our partnership with Angola and to collaborate with Government, Endiama and Sodiam to further develop the country’s diamond sector for the benefit of its people.
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