Description
Angola has wide-ranging diamond treasury, first and foremost in the provinces
of Lunda Norte and Lunda Sul in the central and northeastern parts of the country. To date, just about 700
kimberlites have been situated in the country. The majority of the diamond rich kimberlites are positioned
 along a north east - south west trernd that widens in to neighboring DRC.
Diamond manufacture generates over $650 million yearly, though exact numbers are vague due to the quantity
of illegal diamond mining and smuggling. The diamond mining business is an important source for foreign
income for the country. In 2003, Angola sold flanked by 5,3 Mct and 6 Mct worth of diamonds, at a price
of about US$1 billion, from side to side Sociedade de Comercializacao de Diamantes de Angola.
Angola twisted a predictable 5.5 million carats in 2002. Approximately all of this manufacture was from alluvial
and kimberlite place in the Catoca, N'Zagi, and Lucapa areas. Mounting projects that also fashioned include the
Calonda, Mufuto, Luo with Cuango areas. Kimberlite mining would be able to position more control on smuggling
and manufacture than the current alluvial methods. Though, capital outlays for the expansion of a kimberlite
mining operation are wide-ranging. Only foreign investment can supply such capital, and only under an agreement
with Endiama, the state owned diamond Mining Corporation. Government accepted the opening of Angola's second
kimberlite mine, Camafuca, to SouthernEra in 2002. Expansion of Angola's third kimberlite Camatchia -Camagio
was arranged to a joint venture with analogous equities as Sociedade Miniera de Catoca. Petra Diamonds in a
joint vaneture with BHP Billiton is exploring the Alto Cuilo kimberlites in the Northwest of
the country.
Diamond Collections
The Angola Diamond collections are octahedral diamond,
Yellow diamond
collection,
Blood Diamond,
Colored Diamond, Lesotho diamond and
Pink diamonds.
| Rank |
Country |
% of Worldwide Production |
Value in USD |
| 7 |
Angola |
4.80% |
$1,300 |
|
