De Beers halts search in Angola.

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Diamond giant De Beers has all but ceased work on mining and prospecting in Angola and 'the impasse is more political', according to De Beers spokeswoman, Anny Pereira. "All the proposals the Angolan government has made are not good enough for De Beers." The trouble started in February last year when Angola cancelled all mining concessions, and invited mining companies to renegotiate.

It set up the Angolan Selling Corporation, a partnership between the government and Israeli-Russian businessman, Lev Leviev, as sole...

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