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ANGOLA

Up for reelection, Lourenço makes diamond industry successes shine

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“Lourenço's Herculean struggles to reform the diamonds sector”

ANGOLA

Lourenço's Herculean struggles to reform the diamonds sector

Angolan president João Lourenço has made reform of diamond mining one of the key objectives of his mandate, as he tries to end the decades-long hold of the dos Santos clan over the sector. He is betting on the deregulation of diamond sales and the development of diamond-related activities in Angola itself to attract investors and increase state revenues. So far, his efforts have produced little in the way of results. [...]

The Angola International Diamond Conference will soon take place in the diamond hub of Saurimo to highlight the progress made in the industry since João Lourenço became president. [...] (403 words)

Issue dated 16/11/2021 Reading time 2 minutes

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ANGOLA
Agência Nacional de Recursos Minerais
Alrosa
Anglo American
Arslanian frères
Banco Angola de Investimentos
Banco de Desenvolvimento de Angola
Banco de Fomento Angola
Caixa Angolano
Delgatto Diamond Finance Fund
Endiama
Isabel dos Santos
João Lourenço
José Eduardo dos Santos
Kapu Gems
KGK
Lucapa Diamond
Paul Hundt
Peter Meeus
Pierre de Bosscher
Rio Tinto
VTB

Luanda to test competitiveness of its mining legislation

Angola plans to ensure that the legal framework for its mining sector makes it attractive for investors, as the country is hoping that the industry will boost its economic growth in the coming years. [...]

ANGOLA UNITED ARAB EMIRATES 21/02/2022

Lourenço's last try for Saurimo diamond hub success

During the Dubai Diamond Conference, the Angolan government will showcase its new Saurimo diamond hub, which has been slow in finding investors. [...]

Angolan President João Lourenço. © João Lourenço/Twitter

ANGOLA 07/02/2022

Anglo American's copper, cobalt and nickel plans run deep

The British-South African mining giant is hiring geologists and new staff to keep its 2022 exploration campaign in Angola running at full speed. [...]

ANGOLA 08/12/2021

Botswana Diamonds eyes Angolan stones Free

South Africa's Vutomi Mining, a subsidiary of John Teeling's Botswana Diamonds, has created a new Angolan investment structure. This comes as international investors are making a comeback in the country. [...]

ANGOLA 06/12/2021

Luanda prospects for diamond financing

Buoyed by the opening of Alrosa's second kimberlite mine and Rio Tinto's arrival in the country's diamond sector, the Angolan authorities promoted themselves to international investors at a diamond industry conference in Saurimo. [...]

Angola's Minister of Mines and Petroleum Diamantino Azevedo speaking at the Angola International Diamond Conference on 25 November 2021. © Angola International Diamond Conference/Facebook

ANGOLA 06/10/2021

Chilean geologist steers Anglo American's quest for copper

The mining giant is building up its presence in Angola so as to make the most of its exploration licences. [...]

ANGOLA 01/09/2021

Saurimo diamond hub, the showpiece of Lourenço's reforms

Saurimo's new diamond hub, built at top speed, and presented as a key feature of João Lourenço's mining reform programme, comes at a timely moment in the president's electoral calendar, allowing him to score points on several fronts. [...]

Angola's President João Lourenço. © JoseSenaGoulao/EPA/Newscom/MaxPPP

ANGOLA 04/11/2020

Mining minister unveils plans for Angolan diamond exchange in 2021

With the help of Belgian expert Peter Meeus, the Angolan government has identified three key steps it needs to take before opening a diamond exchange in Luanda by the end of next year. [...]

Angola's mining and oil minister Diamantino Azevedo. © FLORIAN WIESER/EPA/Newscom/MaxPPP

Receive free prompts for these topics

ANGOLA
Agência Nacional de Recursos Minerais
Alrosa
Anglo American
Arslanian frères
Banco Angola de Investimentos
Banco de Desenvolvimento de Angola
Banco de Fomento Angola
Caixa Angolano
Delgatto Diamond Finance Fund
Endiama
Isabel dos Santos
João Lourenço
José Eduardo dos Santos
Kapu Gems
KGK
Lucapa Diamond
Paul Hundt
Peter Meeus
Pierre de Bosscher
Rio Tinto
VTB

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Up for reelection, Lourenço makes diamond industry successes shine