Catoca opens new Angolan diamond processing plant

21 November 2005

Luanda, Angola, 21 Nov – Mining company Sociedade Mineira de Catoca (SMC), located in Angola’s Lunda-Sul province, opened its second diamond processing plant known as “Module II”, representing an estimated total investment of USD 90 million.

The factory, which opened on November 17, has a daily production capacity of 12,700 tons. In the near term, the factory will treat four million tons extracted from the Catoca region, which is regarded as the world’s fourth largest kimberlite

The plant has 300 workers and is equipped with Russian technology.

Sociedade Mineira de Catoca has been in operation for 10 years and its stakeholders are Endiama (Angola), Alrosa (Russia), Daumonty financy company bv (Israel) and Odebrecht (Brazil).

The company deals with the prospecting, mining, processing and sale of diamonds mined in the Catoca region.

SMC has 3,296 workers, 90% of which are Angolan and 10% are foreigners, including Russians and Brazilians. (macauhub)