Ver Angola

Raw Materials

Indaba Mining: national companies sign contracts and strategic partnerships to develop the sector

The national companies Endiama, Sodiam and Catoca signed contracts and strategic partnerships to develop the national mining sector. According to the heads of these companies operating in the diamond sector, the contracts were signed within the scope of 'Indaba Mining' – an international conference on mining on the continent, which took place between 9 and 12 May in South Africa – and aim to transfer of knowledge, technology as well as the acquisition of equipment.


Mubuabua Yambissa, director of geology at Endiama, said they had managed to sell two major projects: the Mukuamba project and the Chitondo project.

Mukuamba, which is located in Lunda Sul, was bought by investors from Canada and South Africa, said the official, who added that the Chitondo project (in Huambo) "has a level of primary knowledge and kimberlites with some anomalies".

Cited by Angop, Mubuabua Yambissa said that these "are projects that will need a very deep prospecting work".

He also acknowledged that the sale of these projects represents a goal on the way that aims to place Angola as the third largest diamond producing country in the world.

The director general of Endiama, Pedro Galiano, also "has closed strategic partnerships". According to the official, quoted by Angop, these partnerships will simplify the acquisition of equipment, among others.

Regarding price fluctuations in the international market, the official said that they recorded "a retraction of prices in the order of 25 to 30 percent, but today there is a certain stability" and that, given this balance, the company is considering producing, in next time, 20 thousand carats of diamonds.

Benedito Manuel, director-general of Catoca, recognized the event as an alternative to the difficulties in the supply chain of inputs to produce ammonium nitrate.

"We were able to identify the segment of integrated management of mining operations, production geology and environment, an important mechanism for the company's efficiency," he said, also quoted by Angop.

Angola was present at the event with nine national companies, with the national delegation led by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo.


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