Angola: diamonds and mining diversification
- July 3, 2018
- - 4:33 pm
Summary: Diamond sector reforms, to include ending the monopoly held by Sodiam, will raise transparency and foreign investor protections marking a positive outlook for Angola’s political economy. Analysis Angolan Mineral Resources and Oil minister Diamantino Azevedo stated July 3 the government wants to diversify its mining sector and in particular the diamond industry, in a bid to expand its contribution to the country’s economy. With related reforms underway that elevate transparency and remove strict controls on selling diamonds through the government’s trading agency — as well as soon permitting the export of rough diamonds — the economic outlook for the …
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