Endiama begin talks on its future partner!

Angola endeavour to set their diamonds credibility 

The chairman of the board of directors of Endiama-EP, Ganga Júnior, and his counterpart at Maaden, Abdul Aziz Al Maqbali, began face-to-face talks between the state diamond company and its future partner. 

During the meeting, Abdul Aziz Al Maqbali reported that “the two companies are quite aligned and working smoothly, and should close negotiations on investments to be carried out in the coming days”, when President João Loureço visits the Sultanate of Oman.

“There are strong ambitions from both companies to strengthen the Angolan diamond value chain and the economy of both countries,” said Maqbali, after leaving the audience granted to him by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo.  

Maaden International Investment is an Omani company that will hold the shares of Alrosa (41% in Catoca) and the indirect part, via Catoca, corresponding to Alrosa in Luele.  

We recall that at the end of the Council of Ministers meeting, held on 28 November, the Minister of Mineral Resources, Oil and Gas explained that the sanctions on the Russian diamond industry created difficulties for the Angolan diamond industry and for the credibility of our diamonds on the international market, which led President João Lourenço to instruct the sector's supervisory authority and the public company Endiama “to find a solution that would satisfy both parties” (Angola and Russia).