Ver Angola

Raw Materials

Yetwene Mining Project opens this month with a monthly production forecast of 10,000 carats of diamonds

The Yetwene Mining Project will be inaugurated next week, on the 27th of April, and is expected to produce around 10,000 carats of diamonds per month, in a first phase.


According to Endiama's Chairman of the Board of Directors (PCA), Ganga Júnior, "the feasibility study points to an investment made in the prospecting phase of around 25 million dollars".

Ganga Júnior, quoted in a statement by Endiama, which VerAngola had access to, also said that the project "is structured, in a first phase, for a production of around 10 thousand carats per month, because the research activity is continuous" and that they will "continue to work in terms of prospecting and then" evolve "in terms of size and production capacity".

The official made it known that the project "has guaranteed economically exploitable reserves for about five years", and that the sale prices "result in around 300 dollars per carat, more or less, which assumes an average of three million dollars a month".

"In terms of workforce we are counting, in this initial phase as well, with around 500 people", he added.

In turn, adds the statement from Endiama, the Secretary of State for Mineral Resources, Jânio da Rosa Corrêa Victor, revealed that the Yetwene Mining Project will be inaugurated on April 27 by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo.

"We will have, on the 27th, as a central act, it will be the inauguration ceremony of the Yetwene diamond project", said the official, who was speaking during the press conference that made known the program for the launch of the commemorative days related to the day of the Miner Worker.

Alongside the inauguration of the Yetwene Mining Project, the days also include "activities such as scientific lectures in Luanda, the inauguration of a primary school in Huambo", as well as the inauguration of the gold project in Buco-zau, adds the statement.

"There will also be a visit to the Luaxe project, the inauguration of the building for the administration of Sociedade Mineira de Catoca, the closing ceremony of the 1st cycle of training in technical and professional courses at CEFOPE, a meeting with representatives of semi-industrial cooperatives in Lunda Sul and the central commemorative act in the province of Lunda Norte", reads the note.


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