Angola highlights falling NDs price & LGDs expands!

 

Sociedade Mineira do Luele expects production of over 6 mn Cts 

The target for the year 2025 was announced in Lunda-Norte, by Rómulo Mucase, President of the Board of Directors of Sociedade Mineira do Luele [SML]. According to the manager, who was speaking to the press during the Half-Yearly Diamond Production Review, this is a commitment made for the current year, in order to meet the goals established by the National Development Plan.

So far, Mucase said, the production program of the company he manages has reached an execution level of around 88%, having highlighted that during the second half of the year, measures were implemented to overcome constraints encountered in the first six months of the year.  

Referring to investments, for November of this year, the CEO of SM Luele said at the time, the second ore treatment line has been confirmed, which will allow the treatment of one thousand tons per hour, surpassing the current capacity of five hundred tons per hour.  

The Chairman of the Luele Mining Society, Rómulo Mucase, was present alongside the Governor of Lunda Norte, Filomena Elizabete Chitula Miza Aires. In her opening remarks, the governor highlighted the falling price of natural diamonds [NDs] and the growth of synthetic diamonds-Lab grown diamonds [LGDs], key issues for the future of responsible mining.  

An institutional video highlighted the positive impact of natural diamond production on local communities, followed by a guided tour of the exhibition and a moment of fellowship. Previously, the Director General of Luele Mining Company (SML), Rômulo Mucasse, announced in Saurimo that stable performance indicators in diamond extraction, processing, and recovery could enable the company to produce 6.7 million carats during the current fiscal year.