Angolan diamond prospecting, exploration, recovery and trading company (CATOCA) maintained positive revenue indicators, despite facing logistical chain difficulties, the company’s general director, Benedito Manuel, said last week in Cape Town, South Africa.
Although Benedito Manuel did not disclose the amount of revenues levied, a report consulted by ANGOP shows that CATOCA had achieved production of around 116 million carats in 2021 – a rise of 5 percent against 2020.
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Benedito Manuel reassured potential players planning to invest in the country that “companies cannot be afraid to enter the Angolan market, because we are a great living and clear example of resisting and recovering investments”.
The CATOCA director spoke of the need to attract investors to revolutionise, produce and boost development of the country’s mineral exploitation around the world.
Regarding his perception of the current edition of the Mining Indaba forum, Benedito Manuel said he had noticed a difference due to the fact that he saw large companies with a lot of interest in energy transformation.
“We brought CATOCA as a successful example of the resilience of the company, fundamentally, in terms of conditions that the country offers, very difficult from the logistics chain point of view. CATOCA has a colossal effort for us to maintain the standard”, he said.
CATOCA is one of the 12 companies representing Angola at the International Conference on Mining in Africa “Mining Indaba”, alongside ENDIAMA, SODIAM, AJ SILVA, Chitotolo Mining Societies, Yetwene, Furi and Kaixepa, Geosondas, Minbos Resources, Ozango Minerals Hipermáquinas and Shinning Star.
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The International Conference on Mining in Africa, known as Mining Indaba, which is now in its 30th edition, is the biggest African investment event in the mining sector and this year is being held under the motto, “Unlocking the Future of African Mining,” bringing together over 6,000 speakers.