|The Portuguese arrived around 1475 at the coast of what today is Angola. They played a pivotal role in the Atlantic slave trade: until 1830 well over a million Angolan people were exported as slaves, mainly to Brazil, but also to the Caribbean and North America. Modern diamond mining began around 1912, when gems were discovered in a stream in the Lunda region in the northeast. In 1917 Diamang was granted the concession for diamond mining and prospecting, which it held until independence. Control over the company was obtained by the government in 1977.|| |
In 1979 a general law on mining activities was enacted that gave the state the exclusive right to prospect for and exploit minerals.
|An email leak revealed how Isabel dos Santos manoeuvred to win a $4.5bn contract to build a dam. In one of his last acts as president, Dos Santos laid the dam’s first stone, days before stepping down from the job he has held for the past 38 years.|
The Caculo Cabaça dam project was awarded two years ago to a consortium led by China Gezhouba Group Corporation (CGGC), one of China’s top construction firms. The Chinese did not win the contract alone. They had a hidden shareholder who owns almost 40% of the consortium: the president’s eldest daughter, Isabel.