BHP Biliton and Portugal’s Escom Mining search for diamonds in Angola

1 November 2006

Luanda, Angola, 01 Nov – Australian mining group BHP Billiton, in partnership with Portuguese company Escom Mining, has been carrying out geological surveys since 2005 in search of diamonds in three Angolan provinces, the company’s operations officer said in Luanda.

David Hopgood said that after the prospecting stage the company would move ahead with drilling and extracting samples.

In total the company is part of nine projects, in the provinces of Lunda Norte, Lunda Sul and Bié.

In the project named Cammuanzanza, located in Lunda Sul, which is owned by Endiama Pesquisa e Produçao, its stake is limited to technical assistance and financing.

BHP Billiton, which is focused on diamond mining in Angola, also plans to mine other minerals such as lead, zinc, iron and platinum.

The company is present in 25 countries and in Africa, as well as Angola, it operates in Mozambique, Sierra Leone, Liberia, Guinea Conakry and the Democratic Republic of Congo.

Escom Mining is the financial arm for the mining sector of Portuguese group Espírito Santo and in July 2003 signed a strategic partnership agreement with BHP Billiton, the world’s largest mining conglomerate, for developing opportunities in Angola. (macauhub)