HomeDiamonds & GemstonesAngolan diamond production to top 10m carats

Angolan diamond production to top 10m carats

Aerial view of the
Petra plant at Alto
Cuilo – one of an
increasing number
of diamond mining
operations in Angola
Luanda, Angola — MININGREVIEW.COM — 24 June 2008 – Angola’s state-run diamond company Endiama is planning to produce10 million carats of diamonds by the end of this year, exceeding the 2007 indicators of 9.7 million carats.

Revealing this in an interview with the Angolan News Agency ANGOP, Endiama managing board chairman Manuel Calado said that in an all-out effort to achieve the 10-million-carat goal, the company was prospecting new mining areas in the country and modernising its production zones with new technology.

He added that in an intensified exploration programme, research experts had been spread throughout the country by Endiama to conduct sampling to identify new areas for prospecting and production.

Calado went on to explain that the company  was seeking to expand its areas of exploration; to increase revenues; reduce operational costs; consolidate diamond production; contribute to the growth of the national economy; and allot a bigger financial share to the state budget.

He said that Endiama – through its trading company (Sodiam) – had produced more than three million carats by the end of the first quarter, which had yielded about US$600 million (R4.8 billion) for its coffers.

“Until May we were at around three 3.3 million carats, now we will trade about 3.9 million carats,” he stressed. “This bodes well for reaching 10 million carats for the full year.”

Angola is one of the top six diamond producers in the world, the others being Botswana, South Africa, DRC, Russia, and Canada.