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Home Africa

Angola grants 35 licenses for Diamond exploitation

FurtherAfrica by FurtherAfrica
August 5, 2019
in Africa, Angola, Commodities, Diamond, Mining
Reading Time: 1 min read
0
Angola’s Catoca diamond mine says underpricing has cost it almost $500 million
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The Ministry of Mineral Resources and Petroleum (Mirempt) granted on Tuesday, 35 diamond exploitation licenses to small industrial cooperatives in northern Uíge province.

At least eight firms received exploitation licenses during a ceremony led by the national director of Mineral Resources, André Buta, in the presence of the deputy-governor for Political, Social and Economic Affairs, Catarina Pedro Domingos.

In the meantime, the national director urged firms to abide by the law to avoid punishments that could lead their activities to be shutdown.

Each firm granted licenses must create 30 jobs and sell their production to the Angolan Diamond Trade Society (Sodiama).

Source: Angop

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Tags: André ButaAngolaAngola national director of Mineral ResourcesAngolan Diamond Trade SocietyCatarina Pedro DomingosdiamondMinistry of Mineral Resources and PetroleumMiremptSodiamaанголаأنغولاアンゴラ安哥拉
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