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Angola says artisanal diamond miners produced 935,000 carats in 2014

13 february 2015
Angola’s registered artisanal miners produced about 935 000 carats last year, a government official has said.
The southern African country produced 8.75 million carats of diamonds last year realising about 1.3 billion in revenue.
Geology and mining minister Francisco Queiroz told delegates at a mining conference in Cape Town that the artisanal output raked in $332 million and attracted an average price of $355 per carat.
The country indicated last year that it had granted mining passes or permits to 594 artisanal miners by end of 2013.
Angola had been battling to eradicate illegal diamond mining activities mainly by artisanal miners from the neighbouring Democratic Republic of Congo.
Meanwhile, Queiroz said Angola’s vast territory provides ideal geological features and mining potential that can lead to the discovery of new mineral deposits.
He said apart from diamonds, Angola had investment opportunities in 18 gold projects, 8 copper projects, 6 iron projects, 2 platinum projects and 1 uranium project among others.
Queiroz said the country’s mining code was “very competitive” and provides guarantee as well as protection to private investment.
“Our tax and customs regime are the lowest in Africa,” the minister said without providing figures.
“The country avails itself of infrastructure capable of supplying the demand of the mining industry.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished


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