Angola may bring semi-industrial exploration of diamonds to an end

14 January 2020

The semi-industrial exploration of diamonds in Angola may end in order to make the sector more competitive, transparent and efficient, said on Wednesday in Luanda, the president of Angola’s national diamond prospecting, exploration, cutting and marketing company, Endiama.

Ganga Júnior, summing up the sector’s activities in 2019, said the aim was to bring an end to semi-industrial exploration and keep only industrial operations, regardless of whether they are run by large or small cooperatives.

He noted that the idea is for companies to comply with the requirements laid down in the regulation approved for that purpose, particularly in relation to the rules of exploration, treatment, protection of the environment, sale, taxes and social support to the community.

The president of Endiama stressed that the government is aware that the mining sector could contribute more to the growth and sustainable development of the country and that the focus was on increasing geological knowledge and staff training for the sector.

“We have been working with the main diamond companies in the world, in order to add more value to the sector and, consequently, make the country the third-largest diamond producer and cutter in the world, taking into account the potential of the sector,” he said, quoted by the Angop news agency. (macauhub)