Thu, 22 Oct 2020 11:23 - Updated Thu, 22 Oct 2020 11:24
Angolan diamond exchange to open in 2021
Luanda - The minister of Mineral Resources and Petroleum, Diamantino Azevedo, launched last Wednesday the challenge to the companies in the diamond sector so that the first Diamond Exchange in Angola can be created at the end of 2021.
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Photo: Pedro Parente
According to the government official - who was speaking at a meeting with top managers of companies like Endiama and Sodiam, as well as the international consultant Peter Meeus, hired to help create conditions for the installation of the Angola Diamond Exchange - it is a challenge for the sector that the Exchange initiates experimentally, even if in temporary facilities, in late 2021.
He added that the preliminary work for its installation “goes smoothly”.
Peter Meeus, who leads the technical group for the definition of the Organizational Structure and Management of the Stock Exchange, pledged to do everything to make it a reality.
The existing exchange in Dubai emerges as one of the models to follow for the introduction of the diamond exchange in Angola, for which Peter Meeus was hired, who was already Honorary President and Administrative Director of the Dubai Exchange, in the United Arab Emirates.
Angola will produce eight million carats of diamonds this year, minus two million of the objectives set by the National Diamond Company (Endiama), due to constraints caused by Covid-19.
In 2019, the diamond sector in Angola produced 9.121.515, 07 (over 9.1 million) carats, exploited by 12 mining companies.
- 18/10/2020 11:42:15
Saurimo - Angola’s eastern-based Lunda Sul province Diamond Development Hub, whose works are at 65 percent of completion, will guarantee more than two thousand jobs for youth.
- 10/09/2020 11:46:31
Luanda - Angola produced from January to August this year, 5.3 million carats of diamonds, and until December the target is to reach the mark of 8.3 million carats, which is a dropdown of about 20% compared to the initial estimate, announced last Wednesday the president of Endiama, Ganga Júnior.
- 03/08/2020 16:00:20
Luanda - The National Diamond Trading Company of Angola (Sodiam) clarified Sunday in a press release that the amounts it has reported to the audit report of 2019 conducted by the Institute of State Asset and Participation Management (IGAPE) are the result of transactions that occurred before the current administration took office.