The diamond production of Angolan diamond mining and marketing company Catoca is expected to increase by over 20% over production in 2008, which itself increased by some 23%, says Dr. Paulo Bento, the company’s Director of Planning and Statistics.
Angolan Army Reports Illegal Exploitation of Diamonds Down
The illegal exploitation of diamonds has declined in the Bie province in Angola, says the Chief of the Angolan Army Francisco Furtada. “We should not relax however, confident that the exploitation is declining because these individuals may still one day return to the same locations,” he warns.
Pangea DiamondFields Acquires Additional Mining Equipment for Cassanguidi
The mid-tier diamond producer and exploration company Pangea DiamondFields plc has concluded a transaction to acquire certain mining equipment and processing assets from New Millennium Resources Limited, for use at its Cassanguidi project in Angola, for a total consideration of $600,000. The equipment purchased includes earthmoving equipment critical to the ramp up to full production [...]
Endiama Chair Suggests Investments for Those Interested in Diamond Purchases
Manuel Calado, Chairman of the board of Endiama, Angola’s state owned diamond company, says that an investment of US$100 million must be made by those interested in buying diamonds. Calado, who explains that the demand for precious stones is great, says that those interested in buying diamonds have to comply with a set of criteria.
Endiama Production Expected to be Between 7 and 9 Million Carats in 2009
Alberto Fançony, Director for Planning and Finance of Angola’s state-owned diamond company Endiama says that the company’s diamond production is expected to be between 7 and 9 million carats this year, compared to some 8.9 million in 2008.
DMCC Seeks to Strengthen Diamond Ties with Angola
The Dubai Multi Commodities Centre (DMCC) has begun exploring opportunities to strengthen ties with Angola in the area of diamond trade. Dubai’s delegation comprising Ahmed Bin Sulayem, Executive Chairman of DMCC, Peter Meeus, Chairman of Dubai Diamond Exchange and Paul Motmans, an expert on the Angolan economy, met with senior government officials of Angola at [...]