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Fri, 08 May 2020 14:31 - Updated Fri, 08 May 2020 14:29

Lulo diamond mine operates at 50 percent

Luanda - The Lulo diamond mine, in the province of Lunda Norte, is operating at 50 percent of its installed capacity, ANGOP learnt Thursday from the Management Board Chairman, Domingos Alfredo Machado.

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Chairperson of the Management Board of Lulo Mines, Domingos Machado

Photo: HÉLDER DIAS

Lulo is one of the most important diamond mines in the world, formed by a company between the state-owned National Diamond Company of Angola (ENDIAMA) with 32%, privately-owned Angolan company Rosa and Pétalas (28%) and the Australian operator Lucapa Diamond Company ( 40%).

In a response to questions from the news agency, Domingos Machado said that the operations had been “reduced” as soon as the State of Emergency was declared, but the company “was never” stopped.

According to the official, the company, which has 435 workers, is working with about half of that total, in two shifts, of eight hours each.

Lulo was the mine where the Australian Lucapa Diamond Company found the 27 th largest diamond in the world, originally 404.2 carats and seven centimeters long, which was sold for USD 16 million in Switzerland.

Regarding the decision of the Angolan authorities to organize auctions for the sale of diamonds, Angola collected, in January this year, US $ 16.7 million.

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