
Diamond Mining Drives Angola’s Economic Growth Agenda
African Mining Week 2025 will unpack opportunities for global investors within various African diamond markets including Angola.
Read the latest Archives of oil, gas and energy news.
African Mining Week 2025 will unpack opportunities for global investors within various African diamond markets including Angola.
Diamond miner and explorer Lucapa Diamond Company has discovered a 176-carat diamond at the Lulo alluvial mine in Angola. The type IIa rough is the eighth largest diamond discovered at
Revenue from the production of diamonds in Angola is expected to reach $2.62 billion by 2027.
Lucapa has sold a trio of diamonds for a total of $10.5 million from the Lulo alluvial mine in Lunda Norte, Angola.
Reforms instituted over the last five years have positioned Angola as an increasingly strategic investment opportunity for diamond companies.
De Beers considers Angola to be central to its long-term investment strategy and plans to complete airborne surveys for its Angolan projects in 2024.
The Luele Diamond Mine will boost Angola’s diamond production and revenue generation from the mining sector.
The Ministry of Mineral Resources, Oil and Gas has announced plans to introduce tax incentives across the diamond-cutting industry in Angola.
Angola’s diamond industry continues to boom, as the Lucapa Diamond Company achieves its highest diamond recovery rate at the prolific Lulo mine.
Angola launched an international tender to monetize several extraordinary diamond discoveries.