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 Africa’s
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 mining 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 companies and 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.