Diamond

Companiesandmarkets.com reported the Angolan mining industry generated $1.1 billion in export. As quoted in the press release, The diamond mining sector is the single largest sector in Angola’s mining industry. It accounted for 95 per cent of the country’s mineral export receipts. Angola’s diamond production rose sharply between 2000 and 2010 following the end of […]

Companiesandmarkets.com reported the Angolan mining industry generated $1.1 billion in export.

As quoted in the press release,

The diamond mining sector is the single largest sector in Angola’s mining industry. It accounted for 95 per cent of the country’s mineral export receipts. Angola’s diamond production rose sharply between 2000 and 2010 following the end of civil war and increased mining activities. Angola’s abundant diamond reserves, estimated to be worth approximately 180.0 million carats, are located in the Lunda Sul and Lunda Norte provinces in the central and north eastern parts of the country.

Click here to read the Companiesandmarkets.com press release.

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