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Diamond mining and marketing company De Beers is to collaborate with Angola on opportunities to increase diamond production, support alluvial mining sector and enhance social development for the benefit of Angola's citizens.

De Beers on Tuesday signed a memorandum of understanding (MOU) with Angola's National Mineral Resource Agency, Angola's State-owned Endiama diamond company, and Angola's State-owned Sodiam diamond trading company, to support these objectives.

"Angola continues to set an example as a country that has reformed its prospects through enhanced transparency, adoption of internationally recognised best practices and a business-friendly investment environment," De Beers CEO Al Cook highlighted following the MOU signing at the Investing in African Mining Indaba under way in Cape Town.

"This is a strategic partnership with the objective of increasing diamond production in Angola to contribute towards the socio-economic development of our country," said Endiama CEO Ganga Junior.

The MOU extends the partnership of De Beers with Angola beyond the two mineral investment contracts of 2022, which were for licence areas in north-eastern Angola where exploration activities are now under way.

"I look forward to continuing to work with our partners in Angola through harnessing our collective expertise and ambition to support a thriving diamond sector," Cook added in a release to Mining Weekly.

Key areas where the parties agree to work together to consider shared initiatives include reviewing several kimberlite deposits to reassess their economic attractiveness through the application of new De Beers technologies, promoting the transparency and traceability of diamond production, and identifying opportunities to build local community capacity by leveraging the Building Forever sustainability framework of the De Beers Group.