Ver Angola

Raw Materials

State company Endiama now owns 41 percent of the Catoca mine for 70 million

State-owned diamond company Endiama announced that it had increased its stake in Catoca mining company to 41 percent, in an operation valued at 70 million dollars.


The completion of the process to acquire 8.2 percent of Sociedade Mineira de Catoca from Wargan Holdings, was announced by the administrator for Geology and Mineiro Development, Ana Feijó.

The National Diamond Company of Angola (ENDIAMA), which already owned 32.8 percent of the mine, carried out the operation using its own capital.

The movement, said Ana Feijó, "follows the strategy of ENDIAMA which aims to return to own production, which also implies the reinforcement of the diamond capital of the mining companies in Lunhinga, Luminas, Chimbongo and Camutué (currently Sociedade Mineira do Kixepa) ".

The main objective of these actions, she underlined, is to reinforce Endiama's role as an operator, focused on prospecting, production, ore treatment, cutting and marketing.

Catoca is the fourth largest mine in the world and the largest company in the diamond subsector in Angola, being responsible for the extraction of more than 75 percent of national diamonds.


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