Word: diamang
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...form in 1973, mostly petroleum ($230 million), coffee ($205 million), diamonds ($80 million) and iron ore ($49 million). The major industry is all foreign owned. Gulf produces the petroleum; most of the coffee plantations are Portuguese, but they sell almost entirely to large American companies; diamonds are produced by Diamang, a South African, British and Portuguese consortium. Even the main railroad, which runs from Lobito to Zaire, is British and South African owned...
Others obviously unhappy were the big business concerns that came to be identified over the years with Portugal's colonialist policies. The Diamang Diamond Co. in Angola, for example, operated for decades like an empire within an empire with its own dreaded police force, which was said to have coerced blacks into forced labor. The tactics have changed since then, but when a high-ranking Portuguese minister was asked if such companies would be allowed to continue operating in the territories, he replied, "I think...
...Diamang-De Beers Company, a part South African concern, now controls the thriving diamond-mining industry in Angola. Presumably, an unsympathetic Angolan government would nationalize it. And some observers say that South Africa and Rhodesia are both relying on Angolan oil, coming from the Gulf Oil Corp.'s burgeoning Cabind a operation, to supply them in the event of an international embargo...
...Company, one of the enterprises extracting crude oil in Angola, paid to the Angolan government the total amount of $35.6 million. It is a relatively small amount, not only when compared to the total budget of that State, but even when set alongside the contributions of other large enterprises. "Diamang", for instance, paid $13.5 million for the single year...