Last week’s Kimberley Process meeting in Botswana rejected a petition from civil society and representatives from Ukraine, the European Union, Australia, Great Britain, Canada and the United States, which sought to broaden the definition of “blood diamonds”. , a wording that would include diamonds from or with the participation of Russia. In the run-up to the meeting, various civil society groups lobbied, via a public statement, to place sanctions on Russia on the meeting’s agenda. However,
De Beers Group announced in April this year that it had signed two Mineral Investment Contracts (MICs) with the Government of Angola for licence areas in north-eastern Angola. The signing of the MICs followed the announcement in late 2021 that De Beers had applied to explore in Angola following substantive reforms in the country’s diamond sector. The MICs for the two licence areas are for the award and exercise of mineral rights covering all stages of diamond
De Beers, the world’s largest diamond miner by value, has inked two mineral investment deals with the Angolan government granting the company exploration rights for 35 years in the country’s northeast. Each concession area will be held by a separate new joint venture between De Beers Group and Endiama, Angola’s state-owned diamond company, the parties said. De Beers, a unit of Anglo American (LON: AAL), will hold a “substantial” majority of the new joint ventures, it said, without specifying
Angola has seized a stake in the nation’s biggest diamond miner, from LLI International, a unit of China Sonangol, that was previously a well-connected Chinese investor in the country. “The attorney-general’s Office of the Republic of Angola blocked LLI’s participation in Catoca in 2021 and transferred control of this 18 per cent stake to the state body IGAPE,” which manages government shares in companies, Catoca said in a statement released this month. The move gives Angola 59
