12 °c
London
Thursday, February 2, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Angola

Angola’s ENDIAMA produces over nine thousand carats of diamonds

FurtherAfrica by FurtherAfrica
January 16, 2017
in Angola, Commodities, Diamond, Mining, Natural Resources, Trade
Reading Time: 2 mins read
870 18
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The National Diamond Company (ENDIAMA) produced 9.21 million carats of diamonds in 2016, exceeding the target set by the Ministry of Planning and Territorial Development, which was s nine million carats.

This result demonstrates the great work developed by the workers and joins the discovery of Luache kimberlito in Lunda Sul, said in Luanda the chairman of the company’s Board of Directors, António Carlos Sumbula, on the occasion of the 36th founding anniversary of ENDIAMA.

He reported that the company has been flying over part of the national territory with the aim of discovering more diamond reserves.

Regarding the trading, he underlined that the concessionaire lost about 130 million dollars and also nine million carats. This is explained by the fact that the increase in production led to a fall in prices.

Carlos Sumbula, ENDIAMA CEO (Photo: Alberto Julião)
Carlos Sumbula, ENDIAMA CEO (Photo: Alberto Julião)

In this regard, he stressed that the company already has superior guidelines to reverse this situation.

Therefore, in the current year (in 2017), it will begin to reverse this scenario, meaning the company will seek to produce less to stimulate the increase in diamond prices.

He informed that in terms of trading the duplication of the production of diamonds in the country could be addressed in a negotiating way among the producers.

For this year, ENDIAMA plans to start with a small mine called “CAP 42” – a CATOCA reserve.

With regard to artisanal production, this year the transformation of some cooperatives organized in small companies is foreseen.

To the governor of Lunda Sul province, Cândida Narciso, the created artisanal cooperatives have contributed to the increase of employment in the region, as they have managed to integrate all the illegal diamond explorers.

According to the governor, the former illegal diamond explorers are now able to better plan their lives.

Without disclosing numbers, she stressed that the province has several cooperatives. Some are already working while others wait for the licenses.

Source: Angop

Related

Tags: AngolaAntónio Carlos SumbulaCATOCAdiamondEndiamagemLuache kimberlitoNational Diamond Companyprecious stonesアンゴラ安哥拉
ScanSendShare355Tweet222Share62Pin80Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Trade

US multinational plans to invest in fish farming in Angola

by FurtherAfrica
February 2, 2023
Telecom

Angosat-2 attracts potential clients in Angola, SADC

by FurtherAfrica
February 1, 2023
Logistics

Angola, DRC and Zambia set up agency to boost Lobito Corridor

by FurtherAfrica
January 31, 2023
Energy

Invictus updates on Cabora Bassa Basin operations in Zimbabwe

by Energy Capital & Power
January 30, 2023
Africa Data Centres investing US$500M for the development of 10 data centers across Africa
Tech

Raxio to launch data center in Angola early 2024

by Energy Capital & Power
January 30, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Trade

US multinational plans to invest in fish farming in Angola

by FurtherAfrica
February 2, 2023
0

US agri-food group "Dagan Ltd" plans to set up a fish farming agribusiness complex in Angola by 2024, with an...

Read more
Mozambique using Chinese satellites to forecast potential natural disasters

Mozambique selects insurance company against disasters

February 2, 2023

Zimbabwe and Belarus sign US$66m deal for tractors

February 2, 2023
Operation of bank neutral cash hubs in Nigeria

Nigeria’s lower house approves extra US$2.2B central bank loans to government

February 2, 2023

South African Carry1st mobile games publisher raised US$27M pre-Series B funding

February 1, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,736 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...