ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Fri, 30 Jun 2017 18:24 - Updated Fri, 30 Jun 2017 18:24

Angola: Angola with 1 bln karats of diamonds

Luanda - Angola has a total of 1 billion carats of diamonds in resources and reserves of which over 950 million in Kimberly and more than 50 million in alluvial.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

Diamond

Photo: Pedro Parente

The data were released Friday in Luanda by the deputy director of the company in charge of scientific research in the field and geological prospecting, Victor Ustinov.

Presenting the results of the studies on Angolan diamond potential started more than five years ago,

the manager said that such results suggest that the total resources and reserves may reach 1.5 billion

in  future should the sector conducts other studies aimed to boost the country’s diamond potential.

The studies, conducted by Angolan and Russian experts in the field, points to six rich chimneys, five of which belong to Catoca Mining Company.

Tags Angola  

Read also
  • 01/02/2019 12:50:27

    Angola presents measures for good business environment

    Luanda -The ambassador of Angola to Guinea-Bissau, Daniel Rosa, last Thursday in that country’s capital spoke about the quality of business and measures adopted by the Angolan Executive for the present Angolan context.

  • 25/01/2019 18:51:52

    Luanda Railway's workers suspend strike

    Luanda - The 17 trains of the Luanda Railroad (CFL) are back to normal, starting as from next Monday, as a result of the suspension of the general strike that began on January 14.

  • 14/01/2019 17:38:46

    TAP pilot forced stopover at Pointe Noire

    Luanda - The decision to land the TAP plane on a Lisbon-Luanda flight in the Congolese city of Pointe Noire last Saturday (January 12), due to the departure from Luanda of the flight carrying Angolan President João Lourenço to Dubai, "was entirely up to the captain" of that Portuguese company, Angop has learned.

  • 10/01/2019 12:15:32

    Chinese want to invest USD 10 billion in Angola

    Lubango - Chinese investors have available US $ 10 billion to invest in the fields of industry, agriculture and scientific research said Wednesday in Lubango, Huíla province, the minister- counsellor of the Chinese embassy , Li Bin.