In an interview with Bloomberg financial information agency, José Manuel Ganga Júnior confirmed that the administration is "preparing Endiama for an initial public offering in 2022, and a process of evaluation of the value of the company is underway" and added that the aim is to privatise up to 30 percent of the company, keeping the majority of the capital in the state.
In an interview with Bloomberg in Cape Town, where he took part in Indaba Mining 2020, one of the most important meetings of the sector on the continent, Ganga Júnior expressed a preference for launching the company on the Luanda stock exchange, but noted that the decision will be taken after the evaluation of the financial consultants.
On the future of the diamond, one of the three largest in the world, the president of Endiama said the evaluation of the company would be important to ensure the 300 million dollars of international funding needed for the subsidiary Sociedade Mineira de Catoca to launch a new mine in Luaxe, a small town in the northern province of Lunda Sul.
"The takeover bid and the ongoing reforms are the basis for Endiama to become the largest supplier of gems," the company's president concluded.
On the sidelines of his participation in the event, Angola's minister of mineral resources and oil, Diamantino de Azevedo, said at a press conference that the country's annual production of diamonds is expected to rise from 9 million carats in 2019 to 14 million in 2022.