De Beers expects to speed up and expand investments in Angola

Luanda, Nov 2 (Prensa Latina) De Beers Exploration Holdings Limited is betting on speeding up and expanding its investments in Angola, especially in the diamond sector, in close collaboration with the state-owned company Endiama.

November 2, 2023
00:30

According to Al Cook, Chief Executive Officer at De Beers Group, they are currently prospecting primary and secondary diamond deposits in Muconda in Lunda-Sul and Lumboma in Lunda Norte, as a result of an agreement with the Angolan Ministry of Mineral Resources, Oil, and Gas, said the executive, who met with President João Lourenço.

During the meeting, he told the president that the company invests in significant projects, including electromagnetic research, the first phase of which has been completed and allows the location of kimberlites, while they are still underground. The second phase will require the use of aircraft.

De Beers left Angola in 2012 due to the global economic crisis. After its return last year, it is investing more than 33 million dollars in diamond exploration in Lunda Norte and Lunda Sul.

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