De Beers and Endiama discover new kimberlite discipline in Angola
De Beers Group and Angola’s state-owned diamond firm Endiama have found a brand new kimberlite discipline within the nation, the primary discovered by De Beers in additional than 30 years.
The three way partnership intersected kimberlite in July in its first drill gap right into a high-priority cluster of targets recognized throughout airborne surveys in March. Kimberlite is the host rock for diamonds.
Additional drilling, floor geophysical surveys and laboratory evaluation might be carried out within the coming months to find out the kimberlite kind and assess its diamond potential.
The discover follows two mineral funding contracts signed between De Beers and the Angolan authorities in April 2022, and a memorandum of understanding signed at Mining Indaba in February 2024.
De Beers CEO Al Cook dinner mentioned: “Angola is, in our view, top-of-the-line locations on the planet to search for diamonds, and this discovery reinforces our confidence. It’s a highly effective reminder of what could be achieved via partnership, and I commend president Lourenco and his authorities for all of the work they’ve accomplished to boost transparency, undertake worldwide finest practices, and create a enterprise pleasant surroundings, all of which has enabled us to return to Angola and search new sources of provide.
“We’re excited concerning the position De Beers can play in serving to the nation ship on its large potential, each under and above the bottom.”
