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Mining industry of Angola information


Mining in Angola is an activity with great economic potential since the country has one of the largest and most diversified mining resources of Africa. Angola is the third largest producer of diamonds in Africa and has only explored 40% of the diamond-rich territory within the country, but has had difficulty in attracting foreign investment because of corruption, human rights violations, and diamond smuggling.[1] Production rose by 30% in 2006 and Endiama, the national diamond company of Angola, expects production to increase by 8% in 2007 to 10,000,000 carats (2,000 kg) annually. The government is trying to attract foreign companies to the provinces of Bié, Malanje and Uíge.[2] Angola has also historically been a major producer of iron ore.

  1. ^ Angola: U.S. Must Strengthen Ties to Protect Strategic Energy and Security Interests Archived 2019-08-05 at the Wayback Machine Council on Foreign Relations via AllAfrica
  2. ^ Angola wants foreign investors for diamond sector Archived 2007-12-28 at the Wayback Machine, July 26, 2007. Reuters

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