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ANGOLA

Mining sector reforms: Lourenço sweet talks foreign investors

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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. [...]

Angola has passed a key milestone in the restructuring of its mining sector with the new organisation of its national regulatory agencies. A wave of privatisations is to follow as President Lourenço continues to push for a more investor-friendly environment. [...] (547 words)

Published on 05/06/2020 at 05:00 GMT Reading time 3 minutes

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Mining

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ANGOLA
Agência Nacional de Recursos Minerais
ANPG
Banco Angolano de Investimento
Banco Nacional de Angola
Bolsa de Diamantes
Diamantino Azevedo
Endiama
Ferrangol
ICSID
João Lourenço
José Eduardo dos Santos
Sodiam
Sonangol
Vera Daves de Sousa
World Bank

Lourenço woos foreign diplomats to add shine to his economic legacy

As the general elections looms, the president has rallied his troops to try and capture more foreign investment in the country's extractive industry and other core sectors.

ANGOLA Mining 05/02/2021

Longonjo rare earths, the ace up Lourenço's sleeve

Spearheaded by the UK's Pensana Rare Earths, the Longonjo neodymium-praseodymium project is starting to take shape, with production scheduled to begin in 2022. President João Lourenço has high hopes for this project, which he believes could become a flagship achievement of his mining reforms.

Sampling at the Longonjo Rare Earths Mine Project.

ANGOLA Energy 29/01/2021

Belltree uses Luanda-Edinburgh network to land contract with state petroleum agency ANPG

To help win a contract to assess opportunities in Angola's oil sector, the Scottish consultancy Belltree has turned to the well-connected businessman Bráulio de Brito, president of the UK-Angola Chamber of Commerce.

ANGOLA Finance Business 02/11/2020

Lourenço deploys dream team to renegotiate Chinese debt

Increasingly indebted, Luanda urgently needs to hammer out a solution with Beijing. In charge of this fraught negotiation is the finance minister Vera Daves de Sousa, backed by a four-strong team of civil servants.

ANGOLA Infrastructure Mining Business 30/06/2020

Lourenço wants to make up for diamond road repair blunder Free

President João Lourenço has rebooted a road rehabilitation project that will help open access to the diamond-rich Lunda-Sul province and gain headway on his plan to increase state revenue from the sector.

ANGOLA Finance Politics 29/06/2020

Lourenço's young finance team up against carping MPLA heavyweights

As the country endures a financial maelstrom and battles its creditors, the team running its finances is under fire from the party that is barely distinguishable from the state.

Spotlight

ANGOLA Mining 18/06/2020

Lourenço cherry-picks five experts to lead new mining regulator

The centrepiece of Angola's mining reform, the new sector regulatory authority, will be lead by the former deputy director-general of South Africa's mines ministry, Jacinto Rocha. Joining Rocha are former Ferrangol executives and officials from other national regulators.

ANGOLA Energy 04/06/2020

ANPG boss Jeronimo tries to save appearances in Kwanza and Congo basins

With oil production in Angola in free fall, exploration has been at a standstill since the start of the second quarter. The situation is likely to last until at least the end of 2020.

ANGOLA Mining 02/06/2020

Consultant Peter Meeus set to help Lourenço with diamond mining reform

As it proceeds with a wide-ranging reform of the Angolan mining sector, in which diamonds are the main component, President João Lourenço's government is thought to be negotiating with precious stones expert Peter Meeus to get him to help it fine-tune its strategy.

ANGOLA Mining 11/05/2020

The dos Santos diamonds era ends in Maua

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.

ANGOLA Business 01/04/2020

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ANGOLA
Agência Nacional de Recursos Minerais
ANPG
Banco Angolano de Investimento
Banco Nacional de Angola
Bolsa de Diamantes
Diamantino Azevedo
Endiama
Ferrangol
ICSID
João Lourenço
José Eduardo dos Santos
Sodiam
Sonangol
Vera Daves de Sousa
World Bank

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Mining sector reforms: Lourenço sweet talks foreign investors

Lourenço's Herculean struggles to reform the diamonds sector

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Set up email notifications for these topics

Lourenço woos foreign diplomats to add shine to his economic legacy

Longonjo rare earths, the ace up Lourenço's sleeve

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Consultant Peter Meeus set to help Lourenço with diamond mining reform

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Mining sector reforms: Lourenço sweet talks foreign investors

Lourenço's Herculean struggles to reform the diamonds sector

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Lourenço woos foreign diplomats to add shine to his economic legacy

Longonjo rare earths, the ace up Lourenço's sleeve

Belltree uses Luanda-Edinburgh network to land contract with state petroleum agency ANPG

Lourenço deploys dream team to renegotiate Chinese debt

Lourenço wants to make up for diamond road repair blunder Free

Lourenço's young finance team up against carping MPLA heavyweights

Lourenço cherry-picks five experts to lead new mining regulator

ANPG boss Jeronimo tries to save appearances in Kwanza and Congo basins

Consultant Peter Meeus set to help Lourenço with diamond mining reform

The dos Santos diamonds era ends in Maua

Stake in Movicel up for grabs

Sodiam reform prompts Lucapa into own diamond polishing

Cobalt assets: Carlos Saturnino already at odds with oil agency

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: