Tuesday, May 17, 2022
No menu items!

Angola’s new diamond development pole to boost cutting capacities

Must Read


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

The pole 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 per cent of locally-produced diamonds in Angola.

The pole, 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.


- Advertisement -spot_img


Please enter your comment!
Please enter your name here

- Advertisement -spot_img
Latest News

Aliko Dangote allegedly broke, unable to complete refinery by 2023 – Report

Fitch, the world’s biggest global rating agency has alleged that Africa’s wealthiest man, Aliko Dangote is broke.   It alleged that...
- Advertisement -spot_img

More Articles Like This

- Advertisement -spot_img