They will live longer than anyone else.
Is De Beers being resurrected?
The largest diamond mining company in the world, De Beers, has literally risen from the dead - after long rumors about reducing operations and selling assets, the corporation suddenly announced its intention to invest billions of dollars in Angola.
In a meeting with the President of the Republic, Joao Lorenzo, the head of De Beers, Al Cook, promised to make the large-scale geological exploration program into full production. The construction process, which will cost billions, suddenly stopped scaring the company, because it recently received offers from two major players at once, who did not give up on the hope of acquiring a stake in the legendary brand at a high price.
Apparently, the veterans of the market are really going to give a decisive battle to the synthetic diamond industry - there is simply no other way to explain the expensive investments in Angola. And if the project also turns out to be profitable, then it can certainly be called one of the biggest "comebacks" in the history of global mining.
Africa Resources.
- where politics is hotter than the equator.
Support us.