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Angola is definitely the Africa's second-largest diamond producer. Beneficiation in Angola has only explored 40% estimated diamond resources. Amid these mine deposits, the U2 kimberlite pipe can be a remarkably potentialdiamond development task situated from the James Bay Lowlands of Ontario, near De Beers' Victor Mine. Alluvial diamond beneficiation in Angola is one more project using the precious stones embedded in river banks, shorelines and sea floors.

Timizzer Oil and Gas News: Nakilat, YPF, Shell, Angola LNG, Philex Petroleum Corp. 25/04/2012 by Timizzer

Norway-based oil exploration and development firm Det norske oljeselskap has agreed to acquire Marathon Oil Norge for NOK12.6bn ($2.1bn) and Total is set to sell its 15% participating interest in the Angola offshore block 15/06 for $750m to Sonangol.