ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Tue, 07 Aug 2018 18:57 - Updated Tue, 07 Aug 2018 18:56

Catoca intends to increase contribution to State Budget

Saurimo - The Mining Company of Catoca will prioritize, during the next five years, the improvement of operational efficiency to increase productivity and its contribution in the State Budget, said the new director-general of Catoca Mining Company (SMC), Benedito Paulo

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



The manager, who publicly announced this goal today, at the end of his presentation to the workers, said that in his mandate the expected challenges are the start of the Luaxe mine, 25 kilometers off Catoca.

The geological prospecting and geophysical survey work at this mine began in 2008 and is being projected to a depth of 400 meters. The venture can generate results in the order of 350 million carats.

Ensuring employability, improving workers' social conditions and allowing their wages to be able to respond to their needs and contributing to the country's wealth are other priorities on the agenda of the new director-general of the country's largest diamond company.

Read also
  • 31/01/2019 17:55:18

    Governor guarantees support for agricultural development

    Saurimo - The provincial governor of Lunda Sul, Daniel Félix Neto, assured Thursday in Saurimo, to support peasants with agricultural instruments and seeds, as part of the Government's strategy to combat hunger and poverty.

  • 27/12/2018 19:40:17

    Tax base enlargement priority for 2019

    Saurimo - The widening of the tax base, through the insertion in the formal circuit of all economic activity, aiming at increasing the sources of revenue collection, are included in the economic sector priorities in Lunda Sul in 2019, said in Saurimo, the local governor, Daniel Neto.

  • 19/12/2018 16:28:31

    Endiama bets on agro-livestock activity in diamond regions

    Saurimo - Angola’s National Diamond Company of Angola (Endiama) will launch farming/cattle projects from 2019 in the diamond mining areas to create more jobs and guaranteeing self-sufficiency in food.

  • 14/12/2018 18:10:32

    Catoca increases contributions to State’s safe

    Saurimo - Catoca Mining Society has in the current year contributed an amount estimated at USD 217 million to Angolan State’s safe, against the USD 198 million recorded in 2017.