Angola: Boost for mining sector diversification

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 Angolan diamond industry is newly positive.

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