Industry
Highlights
Huambo’s “Rare Earths” could begin to be explored in 2026
Tim George, executive director of the Pensana administration, pointed to 2026 as the possible deadline for the start of exploration of the “Rare Earths” of Huambo. The executive director explained that the aforementioned exploration will take...
Government says exit of Russian mining company Alrosa dependent on political analysis
The Government said that the withdrawal of the Russian multinational Alrosa from the Catoca project depends on ongoing political analyses, believing that there will be no ban on the sale of Angolan diamonds in the European Union (EU).
Revenue from diamond sales falls 20 percent but is still worth 1.5 billion dollars
Diamond production in Angola fell by 21 percent in 2023, which was reflected in gross export revenues of 1.5 billion dollars, a reduction of 20 percent compared to 2022, an official source announced.