africa Angola commodities diamond Mining Natural Resources

Angola diamond sector opened to South African entrepreneurs

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The diamond sector is working to enable a largest South African diamond mining companies to operate in Angola, Laureano Paulo, director of Strategic Planning and Minerals Operations at Endiama said Friday in Luanda.

The National Development Plan (PDN / 2018-2022), approved last April by the Council of Ministers for the diamond sub-sector, projects a considerable increase in production, from the current 8.9 million to 13.8 million carat / year.

The official was speaking to the press, during a visit by businessmen from South Africa to the headquarters of the National Diamond Company of Angola (Endiama).

Laureano Paulo underlined that South Africa’s participation will be of great value to the sector, given its experience in the diamond sector.

He added that the sector is working on new projects looking at the new kimberlites that are available.

In turn, the director of the Department of Trade and Investment in the South African, Zanele Sanni, said she felt increasingly encouraged to prioritize the Angolan market in order to deepen relations.

The south African official explained that the business mission that has been in the country since Monday is a continuation of the commitments made by the two heads of state, respectively João Lourenço and Ciryl Ramaphosa.

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

Source: Angop

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