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ANGOLA

Luanda picks out new diamonds with old allies

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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. [...]

President João Lourenço may be working hard to breathe fresh life into the country's diamond industry, doing away with the practices of his predecessor José Eduardo dos Santos's era is proving more difficult. Even as the country opens its mines [...] (490 words)

Published on 15/10/2019 at 03:30 GMT Reading time 2 minutes

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Mining

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ANGOLA
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Spotlight

ANGOLA 19/02/2019

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ANGOLA
Adonis Pouroulis
Alrosa
Ana da Conceição Ferreira dos Santos
Bapsil Service
BHP Billiton
Catoca
Coerm
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Luanda picks out new diamonds with old allies

Lourenço's Herculean struggles to reform the diamonds sector

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

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Set up email notifications for these topics

Will Angolan diamonds of Russia's Alrosa soon be scrutinised by the Kimberley Process?

Ex-deputy governor and construction moguls launch new diamond venture with Sociedade Mineira Kasoloka

Lourenço entrusts agricultural megaproject to Frelimo-backing Gulamo family

Lourenço plays the game with EITI as elections approach

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Petra Diamonds in talks with Luanda over new projects

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Former José Eduardo dos Santos spokesman keen to shed mining portfolio

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Luanda and Alrosa debate Luaxe diamond mine split

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Moscow, Luanda's new diamond chum

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