Angolan diamond production in 2014 (November figures)

2014 figures of diamond production will likely be close enough to official targets for the Angolan Government to declare success. The 1.208 billion USD accumulated production reached in November (651 MUSD in this year’s first half) mean that the year’s figure will be close to 1.3 billion USD, just a bit short of the year’s official objective of 1.332 billion USD (within an acceptable margin of error; I would be happy if all forecasts were as good).
This value is marginally above with the 1.278 billion USD value of 2013 (KP statistics) – roughly a 2% increase. It was reached with a mined volume 15% below official target (and higher than forecast prices).
Next year’s official target for diamond production is likely to be more ambitious, as sharply declining oil prices (75% of the Government’s income) will add great pressure to the Angolan budget.

Published by

Luís Chambel

Exploration & Research Mining Engineer, MSc Engineering Geology, MBA, PhD European Engineer -EUR ING; Euro Geologist - EURO GEOL

4 thoughts on “Angolan diamond production in 2014 (November figures)

    1. The latest 2014 data (up to November) are from the Angolan Government (the Mines & Geology Minister, quoted by The 2014 midyear figures were released in a previous post in this blog and were also Angolan Government figures. The 2013 figures available at the Kimberley Process website.

      1. Merci bien, Monsieur Bonate. A vous aussi un bon 2015. Avez vous vu la galerie sur Mayoko que j’ai publié ailleurs dans ce blog? J’espère d’y retourner un jour pour chasser des pegmatites de Ta avec vous.

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