Saurimo - The President of the Republic, João Lourenço, guaranteed this Monday, in Saurimo City, eastern Lunda Sul Province, the continued commitment to the diversification of the economy, investing in other sources of income, in addition to oil and diamond exploration.
João Lourenço, who was speaking after the inauguration of the Luele mining project, said that the objective is to attract other investors, especially the large multinationals in mineral resources, as it occurred with the return of the giant De Beers.
He welcomed the fact that another large diamond and other mineral exploration company, “Rio Tinto”, invested for the first time in the country.
The head of the Executive Branch expressed his commitment to respecting the so-called “initiative for transparency in extractive industries”, subjecting himself to the scrutiny of this international organization.
João Lourenço declared that the country will seek to “make things clear, with as much transparency as possible to increase investor confidence”.
Luele mining project
Considered the largest diamond project in the country and the third largest kimberlite in the world, the Luele mining project is a kimberlite deposit mine, which in the first phase could reach just over one million carats per year and a gross revenue of 60 million USD/ year.
JFS/VC/ADR//CF/jmc
