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Raw Materials

Sociedade Mineira de Catoca invoiced 280 million in the first semester of this year

In the first six months of this year, the Catoca Mining Society (SMC) made $280 million from the sale of 2.9 million carats of diamonds.


The information was advanced by Rómulo Mucase, head of the production and technical control department at SMC, who compared this year's figures with last year's.

According to the balance made by the responsible, there was an increase in the order of 81 percent compared to the same period last year, in which operations were almost all suspended because of covid-19.

Cited by Angop, Rómulo Mucase said that last year, during the most complicated phase of the pandemic, the company was forced to lay off more than half of its workforce (about 70 percent), affecting production and consequently the accounts.

He informed that the reduction in the levels of covid-19 contagion and the easing of measures to combat the disease, allowed the company to gradually recover production. The official added that currently the company has suspended about 60 percent of its workforce.

The company expects to be able to increase production in the next six months of the year, with the return of most of the suspended workers, he added.

According to Angop, SMC has a workforce of about 5,000 workers. The company, located about 35 kilometers from the capital of Lunda Sul province, has Endiama, Russia's Alrosa and China's Lev Leviev International-LLI as shareholders.


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