Angola Pleased with Diamond Roadshow

RAPAPORT... A roadshow launched to attract investors inAngolan mining surpassed expectations, with more than 230 companiesexpressing interest in acquiring a share of the five concessions on offer. The Angolan government decided to privatize thedeposits - including two diamond sites - in an effort to increase transparency, theMinistry of Mineral Resources and Oil said Wednesday. "The fact that our country's geology is very promising interms of investing in the exploration and exploitation of mineral resourcespresents us with the challenge of transforming this potential wealth intoactual wealth," the ministry explained on its Facebook page. "This will only be possible if we areable to set the right policies and, above all, know how to implement them in amore open, efficient and beneficial way for all parties involved, namelygovernments, communities and investors." The presentation, the first of four globalroadshows, took place in Luanda, Angola, on Tuesday. The five concessions thatwill go up for public tender include two phosphate projects and an iron project, as well as two diamond deposits located in the Angolan provinces of LundaNorte and Lunda Sul. The roadshow will continue with presentations scheduled inDubai, Beijing and London through September 20, with the tender taking placebetween September 30 and October 2. Image: Mineral Resources Minister Diamantino Azevedo speaks at the event in Luanda. (Ministry of Mineral Resources and Oil Angola/Facebook)