Angola Pleased with Diamond Roadshow

RAPAPORT… A roadshow launched to attract investors in
Angolan mining surpassed expectations, with more than 230 companies
expressing interest in acquiring a share of the five concessions on offer.



The Angolan government decided to privatize the
deposits — including two diamond sites — in an effort to increase transparency, the
Ministry of Mineral Resources and Oil said Wednesday.


“The fact that our country’s geology is very promising in
terms of investing in the exploration and exploitation of mineral resources
presents us with the challenge of transforming this potential wealth into
actual wealth,” the ministry explained on its Facebook page. “This will only be possible if we are
able to set the right policies and, above all, know how to implement them in a
more open, efficient and beneficial way for all parties involved, namely
governments, communities and investors.”


The presentation, the first of four global
roadshows, took place in Luanda, Angola, on Tuesday. The five concessions that
will go up for public tender include two phosphate projects and an iron project, as well as two diamond deposits located in the Angolan provinces of Lunda
Norte and Lunda Sul.


The roadshow will continue with presentations scheduled in
Dubai, Beijing and London through September 20, with the tender taking place
between September 30 and October 2.

Image: Mineral Resources Minister Diamantino Azevedo speaks at the event in Luanda. (Ministry of Mineral Resources and Oil Angola/Facebook)