Mining in Angola
Mining in Angola has only
explored 40% of the country’s estimated diamond
resources – suggesting that future growth in the
industry is inevitable. As
second-largest diamond producer at 8 million carats
in 2009 – after Botswana with
32 million carats in the same year – the former
Portuguese colony is considered a vital link in the
global diamond industry and trade.
Diamond Mining in Angola
Mining in Angola is an activity with great economic
potential since the country has one of the largest
and most diversified mining resources of Africa
Alluvial diamond mining in Angola
became popular in 1912 after the discovery of the
precious stones embedded in river banks, shorelines
and sea floors. Mining in Angola began to develop
significantly in 1952 when formalised diamond
companies, including De Beers, established
large-scale mining operations. Diamond mining in
Angola has successfully surpassed the contribution
of iron ore mining in Angola to the country’s GDP.
Mining IQ lists other resources
mining in Angola depends on to include iron ore,
manganese, copper, phosphates, granite, and many
others, but the country depends on diamond mining to
help rebuild the economy after the end of a
long-lasting civil war in 2002.
Mining IQ lists the
Fucauma Mine as mining in Angola’s flagship
diamond project. The mine features a capital
value of ZAR115 million and is set to
produce 120 thousand carats a year.
With figures and
statistics like these readily available on
Mining IQ, mining in Angola can be
thoroughly investigated by
individuals wishing to become involved.
Mining IQ’s online information service helps
to determine future trends in, as an
example, mining in Angola, and is an
essential tool for getting ahead in the
African mining industry overall.
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