De Beers wants diamond concession in Angola

26 March 2014

The De Beers group hopes to be granted a diamond prospecting concession by the end of the year, the chairman of the group Philippe Mellier said in London cited by the international press.

“We hope to have news about exploration licences before the end of the year and we are in contact with the Angolan government to discuss the matter,” he said. De Beers is also in talks with the Indian government for diamond exploration in the centre and north of the country.

Russia’s Alrosa, which is De Beer’s main competitor, is already in Angola at the Catoca diamond mine, which is the fourth-largest in the world, in partnership with state diamond company Empresa Nacional de Diamantes de Angola (Endiama).

The De Beers group prospected for diamonds in Angola between 2005 and 2012, but concluded that a deposit that was found was not economically viable, and handed the concession back.

The group, which is 15 percent owned by Botswana and the remainder is in the hands of the Anglo American group, produced over 31 million carats of diamonds in 2013 from mines in South Africa, Botswana, Namibia and Canada. (macauhub)