Ver Angola

Raw Materials

Catoca made historic profits of 270 million last year

Last year, Sociedade Mineira de Catoca obtained the best financial results since its existence. The profit margin was 270 million dollars, the highest net profit recorded by the company over more than two decades of existence.


Regarding invoicing, in 2021, the company raised 757 million dollars, according to data presented during the 69th General Assembly of Catoca, where the management report and accounts for the year 2021 were approved.

A document, quoted by Jornal de Angola, states that the report was approved "unanimously", with the leadership of Benedito Paulo Manuel being highlighted: "The 69th General Assembly of Catoca unanimously approved the management report and accounts referring to the 2021, highlighting the fact that the leadership of Benedito Paulo Manuel has achieved the best financial results over the 27 years of existence of Sociedade Mineira de Catoca".

According to Mário Domingos, spokesperson for the company, the issue of workers' quality of life was also discussed at the meeting, through the determination of a rate that makes it possible to maintain the purchasing power of workers in the face of the appreciation of the national currency compared to the dollar, writes Jornal de Angola.


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