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Angola targets 7% diamond output rise amid price slump
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Angola targets 7% diamond output rise amid price slump
ANGOLA is targeting a 7% increase in diamond production this year, betting that higher volumes will offset a prolonged weakness in global prices, said Bloomberg News. Africa’s largest diamond producer is aiming for output of 16.2 million carats in 2026 at an average price of $150 a carat, which would generate $2.43bn in revenue, the newswire said citing a presentation by national mining regulator Agência Nacional de Recursos Minerais. The strate…
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