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Wed, 29 Jan 2020 10:27 - Updated Wed, 29 Jan 2020 10:28

Australia intends to boost investment in Angola

Luanda - Australia will increase in upcoming times its investments in the Angolan mining sector, declared last Monday in Pretoria, South Africa, that Oceania country's non-resident ambassador to Angola, Gita Kamath.

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Embaixadora angolana na África do Sul, Filomena Delgado (esq) e a homóloga da Austrália em Angola, Gita Kamath

Photo: Cedida

Angolan ambassador to South Africa (left) and her Australian counterpart, Gita Kamath.

Photo: Cedida

The Australian diplomat who was talking during the courtesy meeting with her Angolan counterpart to South Africa, Filomena Delgado, stated that she intends to collect information about   areas that need priority investments in Angola.

The official showed her particular interest in visiting the Catoca mines, in the eastern province of Lunda Sul and the oil industry in Cabinda.

In Angola, Australia has visible presence through the Lucapa Diamond Company that operates in diamond exploitation in Lunda Norte Province. 

Therefore, in this province, in Lulo mine, the Lucapa Diamond Company found the 27th world’s biggest diamond, originally with 404,2 karats and seven centimetres in length that was sold for USD 16 million.

Lulo is one of the most important diamond mines of the world, created by a society between the state company Endiama (32%), the Rosa and Pétalas (28%), both Angolan companies, and the Lucapa Diamond (40%), Australian company which is the operator of the mine. 

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