Angola's 2022 Diamond Sales up to $1.95bn

By John Jeffay / January 31, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Angola exported 8.75m carats last year, well down on its original forecast of 13.8m.But total revenue was $1.95bn, the Ministry for Mineral Resources, Oil and Gas said, an increase of almost a quarter on $1.5bn in 2021.In January 2022 Angola revised down its forecast output for the year by almost a third to 10.5m carats.Diamantino de Azevedo, Angola's minister for mineral resources, oil and gas, has spoken previously of his country's ambition to become the world's second biggest producer of rough diamonds by 2030.The Catoca mine - jointly owned by the Angolan government and Alrosa - led production, accounting for almost 65 per cent of total diamond production.It is currently the world's fourth biggest diamond producer, but has yet to explore 60 per cent of its diamond-rich territories.De Beers has revived plans to invest in Angola, after "substantive and consistent reforms" in a country torn apart by a 27-year-old civil war.Pic shows Catoca, Angola's biggest diamond mine and (inset) Diamantino de Azevedo

Recent News

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com

US a major market for Canadian mineral exports

November 11, 2024 / www.canadianminingreport.com

Gold stocks down along with broad equities decline

November 04, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok