The world’s largest diamond producer has searched for diamonds in Angola alongside state-owned Endiama since April 2022 after signing two investment deals with the government.
The agreement was expanded in 2024 to include diamond processing and additional exploration projects. Now, it’s been revealed that the company struck kimberlite, the most common source of diamonds, in July.
In a statement, the company announced plans to conduct drilling, geophysical surveys, and lab analysis over the coming months to determine the kimberlite type and its diamond potential. CEO Al Cook said this discovery was a reminder that many hands make light work.
“Angola is, in our view, one of the best places on the planet to look for diamonds, and this discovery reinforces our confidence,” he said.
“It is a powerful reminder of what can be achieved through partnership, and I commend President Lourenco and his government for all the work they have done to enhance transparency, adopt international best practices, and create a business-friendly environment, all of which has enabled us to return to Angola and seek new sources of supply.”
Cook added that De Beers intended to help Angola deliver on its potential both ‘above and below the ground’.
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