Angola: negotiations with De Beers validates Lourenco reforms

Summary Negotiations between the Angolan government and the De Beers Group validate diamond sector reforms initiated by Angolan president Joao Lourenco and underscore an improved outlook for the Angolan economy. Analysis Angolan President Joao Lourenco hosted on August 7 De Beers Group Chief Executive Officer Bruce Cleaver. The meeting in Luanda resulting in a commitment by De Beers to resume significant mining exploration and production activities in the country. The outcome validates recent legislative and regulatory reforms enacted by the Angolan president, and affirms an improved outlook for the Angolan economy. Angola is an important diamond mining country, the world’s …

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