Articles for tag: AngolasBeersDiamondexpandspresencesector

February 6, 2024

Ron Finklestien

mining

De Beers Embarks on New Ventures in Angola’s Diamond Sector

De Beers has made a decisive move to enhance cooperation in the diamond sector, marking a crucial step forward in the company’s foray into Angola. During the momentous signing ceremony in Cape Town, South Africa, chief executive Al Cook expressed enthusiasm for the unfolding collaboration. This signifies a significant milestone, underlining a promising trajectory in De Beers’ engagement with Angola’s national diamond trading company Sodiam. One of the pivotal agreements signed by De Beers, a unit of Anglo American (LON: AAL), involves ensuring the use of best practices in sorting and processing rough diamonds mined in Angola. Such a commitment