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Thursday, 12 August 2021

DIAMONDS YIELD USD 690 MILLION IN FIRST SEMESTER

 Dundo – The sale of diamonds in the first half of the current year allowed a turnover of 690 million US dollars (more than 436 billion kwanzas), according to the CEO of ENDIAMA EP, Ganga Júnior.

Diamonds from Angola

Speaking to the press, at the end of the balance meeting for the diamond subsector, Ganga Júnior said that sales and invoicing levels are in line with forecasts for this period.

 

Without advancing comparative data in terms of invoicing and production, he said that forecasts for this year point to 9.3 carats of diamonds.

 

"We are doing well, despite the limitations that result from the Covid-19. In general, we see that there is a great effort to comply with the established programmes", he said.

 

Regarding the status of the mines, the official guaranteed that they are stable, despite the limitations imposed by the Covid-19 pandemic.

 

He also said that a restructuring process is currently underway at the Lunhinga and Camutue mines.

 

As for the Lumina mine, he said that it still has operating problems, so it is also in this process of profound restructuring, in the sense that ENDIAMA is to take over its management.

 

He announced, on the other hand, that the Cassanguidi mine could start operating this year or next.

 

The country currently has 13 diamond mines in operation  and more should come into operation soon.

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