Africa Mining: Angola authorizes Odebrecht’s exit from the world’s 4th largest diamond mine

diamond africa
Diamond  (illustration)

The Angolan President promulgated the sale of Odebrecht’s 16.4% stake in the Catoca Mining Company, which operates the world’s fourth-largest open-pit diamond mine.

This is a deal agreed by the partners of the mine in eastern Angola in August 2017, before the Angolan general elections, and which was only promulgated, by presidential decree of January 4, to which Lusa had access Wednesday, the new head of state, João Lourenço.

 

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