Sonangol counts on diamond firms to boost revenue
A subsidiary of Angola's national oil company Sonangol, the telecom provider MSTelcom is hoping to offer its services to mining groups active in the province of Lunda Norte.
President João Lourenço has revoked the mining permit for the Maua diamond site that had been run since 2013 by firms owned, according to the Luanda Leaks, by his predecessor's daughter, Isabel dos Santos. The decision comes amid a wave of changes to the mining industry driven by the head of state.
The deep reforms Angolan president Joao Lourenco has brought to the country's diamonds trade have sector heavyweights troubled ( AMI 435). Those who had flourished under Jose Eduardo dos Santos' watch have not necessarily turned away from mining altogether but [.