Billionnaire Rostam Aziz buys himself chunk of Williamson Diamond Mine
After buying Tanzania's biggest coal mine in November, the powerful businessman Rostam Aziz has chosen diamonds for December.
Angola's state diamond company Endiama and RGS Holdings, run by the Gulamo family, close to Mozambican president Nyusi's party, are launching a massive agricultural development project in the Lundas provinces, the bastion of the country's diamond industry.
Weighing in at a jaw-dropping 1,098 carats, the gemstone discovered by Debswana, a partnership between De Beers and Gaborone, made headlines the world over. But behind all the distracting sparkle, the business of diamonds is losing its shine.
The Planageo geological mapping programme, a key plank of Lourenço's mining reforms, suffered a setback at the start of this year after its Brazilian partner pulled out. Keen to bolster its relations with Angola, Spain is ready to step into the breach.
The wealthy Indian Kothari family, which owns the KGK Group gemstone and jewellery company, is backing João Lourenço's shake-up of the diamond sector. By helping the president with his plan to make Angola more than a mere producer of stones, the Kotharis are counting on better access to the country's output.
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.
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.