Industry News by Nemesis

Angola to Establish Diamond Exchange

August 7, 2019

Angola is set to establish a diamond exchange, which will be administered by the country’s diamond trader, Sodiam, according to local media reports.

This is part of Angola’s ongoing reforms in the mining and energy sectors.

State-owned diamond company Endiama will now focus on diamond exploration and mining.
It is, however, not clear whether the newly created diamond exchange will join the World Federation of Diamond Bourses.

Meanwhile, Angola’s Ministry of Mineral Resources and Oil is also preparing to establish a National Agency for Mineral Resources (Agência Nacional de Recursos Minerais, ANRM).

Source: Rough&Polished

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