Diamond trading brings the country more than 280 million dollars

From January to May of this year, the country collected revenues estimated at 288 million dollars, with the sale of 2.5 million carats of diamonds produced by the Catoca, Luele and Lunhinga projects.

In five months, 4.2 million carats were recovered, 88 percent of which came from primary deposits and 12 percent from secondary deposits, which corresponds to 78 percent of the six-monthly plan being completed.

The data was revealed by the chairman of the Board of Directors of the National Diamond Company (ENDIAMA EP), Ganga Júnior, during a working meeting of the mineral resources, oil and gas sector, held in the country's capital, in which managers of public and private companies in the sector took an overview of the current situation with the head of Mirempet, Diamantino Azevedo.

Ganga Júnior recalled that the current moment is marked by low demand for diamonds on the international market due to geopolitical factors and the proliferation of synthetic diamonds, but reiterated the goal of reaching, by December of this year, a production of around 14.6 million carats, 88 percent of which comes from Catoca and Luele.

The process of partial privatization and dispersion of share capital, as the manager made known, is one of the priorities with a view to optimizing resources and efficiency, within the framework of reforms aimed at reducing State participation, promoting competition, competitiveness and efficiency.