De Beers and Endiama find new kimberlite field in Angola
The find follows two mineral investment contracts signed between De Beers and the Angolan government in April 2022, and a memorandum of understanding signed at Mining Indaba in February 2024
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De Beers Group and Angola’s state-owned diamond company Endiama have discovered a new kimberlite field in the country, the first found by De Beers in more than 30 years.
The joint venture intersected kimberlite in July in its first drill hole into a high-priority cluster of targets identified during airborne surveys in March. Kimberlite is the host rock for diamonds.
Further drilling, ground geophysical surveys and laboratory analysis will be carried out in the coming months to determine the kimberlite type and assess its diamond potential.
The find follows two mineral investment contracts signed between De Beers and the Angolan government in April 2022, and a memorandum of understanding signed at Mining Indaba in February 2024.
De Beers CEO Al Cook said: “Angola is, in our view, one of the best places on the planet to look for diamonds, and this discovery reinforces our confidence. It is a powerful reminder of what can be achieved through partnership, and I commend president Lourenco and his government for all the work they have done to enhance transparency, adopt international best practices, and create a business friendly environment, all of which has enabled us to return to Angola and seek new sources of supply.
“We are excited about the role De Beers can play in helping the country deliver on its huge potential, both below and above the ground.”
