De Beers Sets Sights on Angola and India

Reuters reported that by the end of the year, De Beers hopes to obtain a concession to explore in Angola. The major diamond miner is also speaking with India about “exploring in some areas in the centre-north of the country.”

As quoted in the market news:

‘We expect to have news about exploration licenses before the end of this year and we are in contact with the Angolan government to discuss that. We hope that it’s going to be successful,’ [chief executive Philippe] Mellier told Reuters in an interview last week.

Early stage work in Angola should start later this year, a spokesman for the company added.

Click here to read the full Reuters report.