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Diamond production forecast

    JOHANNESBURG
    Manuel Bunjo, Angola’s minister of geology and mines, has forcast that diamond revenues this year are expected to reach US $30 million, according to Angolan media reports on Thursday. In brief remarks carried by Angolan newspapers, he did not comment on the recent decision by De Beers, the world’s leading diamond company, that it intended to cease trading Angolan diamonds in compliance with the tightening of UN sanctions against the UNITA rebel movement. He said that even if production had reached US $250 million two years ago, “you have to understand that the nation is at war”.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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