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Angola launches international tender for extraordinary diamond discoveries

Angola has launched an international tender for extraordinary diamond discoveries.  The tender scheduled for November 15 2022 was launched by Lucapa Diamond Company.

The international tender which will be conducted by Angolan state-owned diamond trading firm Sodiam is targeted to revitalize the financial stability of the Angolan mining industry whilst promoting opportunities and growth potential of the country’s diamond sector.

The launch of the international tender follows Angola joining the Extractive Industries Transparency Initiative (EITI) as part of the government’s commitment to adopt transparency practices regarding the monetization and management of revenues generated from the country’s vast extractive resources including oil, gas and diamonds.

Types of diamonds to be featured

Seven exceptional diamonds, including a rare 170-carat stone “Lulo Rose” discovered by Sociedade Mineira Do Lulo in 2022 will be featured. The 170-carat pink diamond from Lulo alluvial mining is believed to be the biggest pink diamond extracted in Angola in the last 300 years. Also to be featured in the tender include four of the diamonds weighing more than 100 carats. Most types of diamond will be white diamonds and white stones.

Commenting on exceptional diamond discoveries recently made in Angola, Dr. Ganga Júnior, Chairman of the Board of Directors of ENDIAMA – the national diamond company of Angola – stated that his company and its partners “will continue to work so that these results translate into establishing a world-class mine for the socio-economic development of the region.”

Diamantino Azevedo, Minister of Mineral Resources, Oil and Gas, Angola, added that “Angola has proven, yet again, its enormous diamond potential. I am absolutely convinced that with discoveries of this nature we will be, in the near future, among the biggest diamond producers in the world.”

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