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ANGOLA

Lourenço cherry-picks five experts to lead new mining regulator

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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 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. [...] (498 words)

Issue dated 18/06/2020 Reading time 2 minutes

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Mining

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ANGOLA
Agência Nacional de Recursos Minerais
Anglo American
Ben Martins
Diamantino Azevedo
Djanira Alexandra Monteiro dos Santos
Duduzane Zuma
Endiama
Ferrangol
Gupta
Imperial Crown Trading
Jacinto Ferreira dos Santos Rocha
Jacob Zuma
João Lourenço
João Paulino Júlio Chimuco
Kumba Iron Ore
Lucombo Francisco Pedro
Moisés David
Rajesh Gupta
Universidade Federal de Ouro Preto

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.

SENEGAL Mining 26/08/2021

Senegal finally gets a shop window for its mining sector

After a more than 10-year wait, Senegal's mines register developed by US company Trimble is online. [...]

SENEGAL Mining 20/04/2021

Dakar finally moves to get its revised mining register online

The country's mining register, which is essential to the growth of its mining sector, is still not online even though it is now several years since software company Trimble was commissioned to prepare the operation. [...]

ANGOLA Mining 13/04/2021

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 04/03/2021

Endiama struggles to find a suitor for its private security subsidiary Alfa-5

Amid the wave of privatisations initiated by President Lourenço, Angola's national diamond company Endiama is seeking a buyer for its Alfa-5 subsidiary, but the tarnished reputation of the security firm is complicating the task. [...]

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 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 Mining 05/06/2020

Mining sector reforms: Lourenço sweet talks foreign investors

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. [...]

ANGOLA Mining 14/01/2020

Set up email notifications for these topics

ANGOLA
Agência Nacional de Recursos Minerais
Anglo American
Ben Martins
Diamantino Azevedo
Djanira Alexandra Monteiro dos Santos
Duduzane Zuma
Endiama
Ferrangol
Gupta
Imperial Crown Trading
Jacinto Ferreira dos Santos Rocha
Jacob Zuma
João Lourenço
João Paulino Júlio Chimuco
Kumba Iron Ore
Lucombo Francisco Pedro
Moisés David
Rajesh Gupta
Universidade Federal de Ouro Preto

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Lourenço cherry-picks five experts to lead new mining regulator