Catoca estimates revenue at over USD 80 million

  • Diamonds from Angola
Saurimo - The Mining Society of Catoca, located in Lunda Sul province, plans to contribute with over USD 80 million to the state coffers in 2021.

The estimate was put forward on Wednesday by the company's managing director, Benedito Manuel, who pledged to work to preserve jobs and readjust salaries, with the aim of improving the social conditions of employees.

As part of its social responsibility, in 2021 the company will upgrade the villages surrounding the Catoca mine and make available a line of credit for young people, with a view to boosting small businesses.

Without revealing budgets for the projects, he said that credit would also be made available for more than 200 rural women, as well as 150 internal scholarships for students from disadvantaged families in Lunda Sul.

In collaboration with the Fundação Brilhante, and as part of the social responsibility strategy of ENDIAMA-EP and other diamond companies, he said that actions would be carried out as part of the package of commitments to civil society in Lunda Sul.

The estimate was put forward on Wednesday by the company's managing director, Benedito Manuel, who pledged to work to preserve jobs and readjust salaries, with the aim of improving the social conditions of employees.

As part of its social responsibility, in 2021 the company will upgrade the villages surrounding the Catoca mine and make available a line of credit for young people, with a view to boosting small businesses.

Without revealing budgets for the projects, he said that credit would also be made available for more than 200 rural women, as well as 150 internal scholarships for students from disadvantaged families in Lunda Sul.

In collaboration with the Fundação Brilhante, and as part of the social responsibility strategy of ENDIAMA-EP and other diamond companies, he said that actions would be carried out as part of the package of commitments to civil society in Lunda Sul.