Economy
While the river is used for fishing, the valley is developed to the extent of providing subsistence agriculture only. Of note historically is palm oil and rubber production.
The main economic activity and revenue to the Angolan State is derived by extraction of diamonds from the valley. The river basin has a rich source of diamonds in the Chitamba-Lulo Kimberlite Cluster in Lunda Norte Province, which was discovered in the main river channel and on flats and terraces in its flood plains. The provinces of Lunda Norte and Lund Sul in the river valley account for largest number of diamond mines in the valley and in Angola.
Prospecting permits have been awarded to BRC, extending to an area of 2,150 kilometres (1,340 mi) between Tembo and Kasonga Lunda over the Kwango River stretch of about 185 kilometres (115 mi). Under the mining license held by Soiadale de Desenvolvimento Mineiro (SDM), the areas of production is on the Tazua and Ginge River diversions on the Cuango.
Read more about this topic: Kwango River
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)