Wed, 24 Jan 2018 13:16 - Updated Wed, 24 Jan 2018 13:15
Catoca to produce seven million carats of diamond
Saurimo - The Mining Society of Catoca, biggest diamond company in Angola and fourth in the world, expects to produce seven million carats of diamond.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
1 / 1
A CATOCA minerals exploration mine
Photo: Helder Dias
LUNDA SUL: SERGEI AMELIN - general director of CATOCA mining society.
Photo: HÉLDER DIAS
The information was released on Tuesday in Saurimo City, eastern Lunda Sul Province, by the company’s general director, Sergei Amelin, who did not add the expected profit for this year.
According to the manager, Catoca’s main exploration mine is to produce six million carats, while CATE-42, unveiled in 2017, is expected to produce one million carats of diamonds.
The CATE-42 mine, which is expected to officially start operating in March, represents a reserve of around 350 million carats of diamond and an exploitation activity foreseen for 29 years, in an area of 100 hectares, being projected in 400 metres of depth.
The company is responsible for 75% of the diamond extraction in Angola.
- 04/01/2018 18:43:30
Saurimo - Over 3.6 billionn were collected in 2017 by the tax office of Saurimo, eastern Lunda Sul province registering a decrease of 150.6 million kwanzas compared to 2016.
- 18/12/2017 06:40:41
Saurimo - Ten companies duly licensed to explore diamonds in various areas of Lunda Sul province are paralyzed due to lack of funds to develop activities.
- 14/12/2017 11:29:15
Saurimo - At least 4.939 domestic and foreign tourists visited the north-east Lunda Sul province from January to November, a figure that represents the double of tourists who visited this part of the country in the same period of 2016.