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The event to take place on October 24 and 25 at Saurimo's Center   Economist Jorge Guedes defended, in Saurimo, that the Lunda-Sul government should see the 2nd International Diamond Conference (IDC) as an opportunity to attract investments for productive sectors, such as agriculture and commerce, taking advantage of the presence of the G7.   Speaking to Angop regarding the event to take place on October 24 and 25 at Saurimo's Diamond Development Center, the economist highlighted the importance of the economic potential and the "good" environment to be displayed for big companies to feel attracted to invest in the province.   He highlighted that the economic future of the Lunda-Sul province passes through the sectors of agriculture, commerce, tourism and hotels, since the region has potential that, if well explored, can generate wealth, jobs and revenue for the State, through tax taxes. According to Jorge Guedes, the presence of the group of the seven most...

Chissema the Lunda-Norte reserve projected for 60K carats   Sociedade Mineira do Chissema is working on the discovery of new diamond reserves, to increase its levels of production, turnover and its contribution to the General State Budget (OGE), through taxes payment. Located in the municipality of Capenda-Camulemba, Lunda-Norte province, the mine had a production of 16 carats of diamonds in the first half of the year, levels below the projection, which was 60 thousand carats.   Speaking to the press about the current state of the mine, the head of the geology department, José Van Dúnem, said that initially a monthly production of 10 carats of diamonds per month was planned, but the company decided to reduce the levels due to the fall in the price of the strategic mineral on the world market. He said that only two blocks are currently being explored and the rest are being reassessed, through a prospecting program, which included the discovery of new reserves, to find ...

  Eye to produce 12 million carats in 2023   The National Diamond Company of Angola (Endiama EP) plans to increase its production to 12 million carats in 2023, surpassing last year's result, which recorded a figure of around nine million carats.   According to the Chairman of the Board of Directors of Endiama, Ganga Júnior, achieving this goal will essentially depend on improving the production structure of the mines in operation and launching new exploration projects.    Speaking to the press, on the sidelines of the working visit that the heads of the Institute for the Management of Assets and State Participations (IGAPE) carried out to the state-owned diamond company, the manager also pointed out the continuous transformation of the functioning of small cooperatives in industrial activities as another challenge for 2023.   In this regard, he added, the company has already registered success stories, whose semi-industrial activities in the field o...

The 4th +100 carat diamond recovered in 2022    Lucapa Diamond Company announces the recovery of a 131 carat white Type IIa diamond by Sociedade Mineira Do Lulo (SML). The 131 carat stone is the 29th +100 carat diamond ever recovered and the 4th +100 carat diamond recovered at Lulo in 2022.  In a comment on the occasion, the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, said “Angola has proven, yet again, its enormous diamond potential. I am absolutely convinced that with discoveries of this nature we will be, in the near future, among the biggest diamond producers in the world. Companies can always count on the Ministry's full institutional support to ensure the proper performance of their operations.”    The Chairman of the Board of Directors of Endiama E.P, José Manuel Ganga Júnior, commented “The discovery of another large and high-quality diamond demonstrates the quality of the partnership between Endiama, Rosas & Petalas and Lucapa Di...

Angola rough guideline of 11mn Cts in 2021 Production short by 20% in 2020 over guidelines! Angola’s Diamond Company Endiama has predicted that until the end of the current year their diamond production of eight million carats of the stone which had previous guideline & planned to produce 10 million carats in 2020. Officials are witnessing the decrease in production owed to Covid-19 pandemic. For next year, if the pandemic is eradicated, the company foresees a diamond production of 11 million carats in 2021. And in the favourable situation the figure of the said production that might increase to 14 million by 2022 under the National Development Programme.   Speaking to press, the representative of the Ministry of Mineral Resources, Oil and Gas, Mankenda Ambroise, explained that until 2021 the country will gain Angola’s Diamond Stock and the Diamond Development Hub of Saurimo. Ambroise was speaking at webinar, entitled “The new global center for the diamond to link the Angola ...

Services Agreement for Mining and Marketing Tango Mining Limited announces that it has signed a Services Agreement for Mining and Marketing of Diamonds with Cooperativa Mineira Do Moquita, SCRL on a 147 square kilometer portion of a concession located 50 km north of Lucapa within the Lauchimo River basin, Province of Lunda Norte, Republic of Angola. Tango is responsible for capital expenditures associated with alluvial diamond mine design and equipment acquisition as well as enhancing production. As remuneration, Tango will receive 60% of the proceeds from the sale of produced diamonds. The Moquita Property, is located approximately 50 km downstream from the high diamond value Camútuè kimberlites. These, and possibly other kimberlites, have fed extensive downstream alluvial diamond deposits along ancient, north trending river systems including the Lauchimo River, which flows south to north across the Property. Such alluvial diamond deposits have been exploited by arti...