De Beers Issues Update on its Airborne Survey in Angola

On 23 October 2024, De Beers Group issued an update on its diamond exploration in Angola. Applying airborne electromagnetic survey, De Beers has identified eight high potential kimberlite sites.

In February 2024, De Beers signed an MoU with Angola’s National Mineral Resource Agency and Endiama, Angola’s state-owned diamond trading company during the Mining Indaba 2023 in Cape Town.

Since then, De Beers initiated its exploration of the concession areas in north-eastern Angola using airborne magnetic survey, discovery drilling and ground geophysics. Now that the survey has been completed, De Beers is pleased to present its findings during the International Diamond Conference which is taking place in Angola from 23 t o24 October 2024.

“As we continue to put our Origins strategy into action, we are making good progress with our diamond exploration in Angola – the world’s most prospective region for new diamond deposits – and we are very pleased to have already identified eight new high potential kimberlite targets in Angola as a result of our work.”

De Beers Group CEO Al Cook

De Beers CEO Al Cook also commended the efforts of the Government of Angola to foster an investment-friendly environment, through adoption of internationally recognized best practices and a high-level of transparency of the administrative processes.

In Angola, De Beers hold rights in Muconda in Lunda-Sul Province and Lumboma in Lunda-Norte Province. CEO Cook reaffirmed the company’s commitment to follow fair and sustainable practices in developing these sites.