Angola’s new diamond development hub to boost cutting capacities

0
86
Closeup of miner sifting through the diamond-rich rock fragments in his concession 28 March 2013 near an Angolan village not far from the Congolese border. Finding even a very small diamond may require long days of work. Even months can pass by without discovery of any gems at all. The name of the village is not disclosed by request of locals. © Olivier Polet (Photo by Olivier Polet/Corbis via Getty Images)
Closeup of miner sifting through the diamond-rich rock fragments in an Angolan village not far from the Congolese border. (Olivier Polet/Corbis via Getty Images)

Angola has unveiled the Saurimo diamond development hub, seeking to consolidate its position as a leading diamond-cutting producer, Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo said Friday.

The hub will increase the production of stones and precious metals, the minister said at the inauguration ceremony, adding that it will help achieve the target of cutting 20 percent of locally-produced diamonds in Angola.

The hub, with an initial investment of around 77 million U.S. dollars, covers an area of more than 300,000 square meters in eastern Lunda Sul province.

Azevedo said that the step is in line with Angola’s National Development Plan for 2018-2022.

Leave a Reply