28 Jun 2022
DiamondWorld Directory
-
Home |
News
Home
De Beers Group applies to explore in north-eastern Angola following substantive reforms in national diamond sector
Following the Mineral Rights application submission, De Beers Group and the Government of Angola will open discussions in an effort to agree a Mineral Investment Contract, which would establish legally binding terms and conditions to be met by both parties for activities in north-eastern Angola
By: Diamond World News Service
|
Dec 14 2021 11:39AM
|
Reference: 26046  

DecreaseIncrease

De Beers Group today announced it has applied to conduct exploration activities in north-eastern Angola following substantive and consistent reforms implemented by the Government of Angola that enable the country’s diamond endowment to underpin transformative socio-economic growth for local communities.

Following the Mineral Rights application submission, De Beers Group and the Government of Angola will open discussions in an effort to agree a Mineral Investment Contract, which would establish legally binding terms and conditions to be met by both parties for activities in north-eastern Angola.

Bruce Cleaver, CEO of De Beers Group, said: “Angola has made significant progress towards creating a stable and more predictable investment environment in which the people of Angola can directly benefit from increased foreign direct investment. As a result of this – and with De Beers’ recognised Building Forever framework for creating lasting positive socio-economic impact for communities, our innovative FutureSmart Mining™ programme that is transforming mining technologies to deliver a significantly reduced environmental footprint, and our proven track record of establishing responsible and mutually beneficial partnerships in the region – we look forward to positive and transparent discussions with government about the possibility of future investment.

“In line with the OECD Due Diligence Guidance for Responsible Supply Chains, we believe that responsible foreign investment by the private sector can be an important catalyst for social change in countries working to reform their economies. Should we discover an investment opportunity in the region, we will apply the same proven governance, social impact and environmental framework that has contributed to long-term and sustainable socio-economic development in the neighbouring countries of Botswana and Namibia.”

De Beers Group has a long track record of operating responsibly in southern Africa, including long-standing and highly regarded operations in Botswana and Namibia. De Beers Group’s diamond operations have played a significant role in helping grow those countries’ economies in particular, building thriving communities, creating meaningful social outcomes and contributing significantly to the national fiscus.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31021
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8085
GJEPC Chairman Interview
Views: 27239
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 37782
Promo for IJ Awards 2012 at NDTV Profit
Views: 51766
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 65413
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21150
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49597
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 50982
Advertisement
Finestar Diamonds
Advertisement
DWsubscription
Member of:
Supporter of: