Angola: Angola may become one of world’s top three diamond producers

20 June 2008

Luanda, Angola, 20 June – Angola may become one of the top three diamond producing nations in the world by 2010, the sales director for Sociedade de Comercialização de Diamantes de Angola (Sodiam), Hélder Silvba Milagre said in Luanda Wednesday.

According to Silva Milagre this will be possible because of new investors in the Angolan diamond sector, a rise in production and the forthcoming opening of new mines.

Speaking to Angolan news agency Angop on the sidelines of the 2nd edition of the Angola International Mining Fair (FIMA), to be held from now until 22 June, he said that in the first half of the year, Endiama, via Sodiam, had produced over 3 million carats of diamonds, accounting for income of around US$600 million.

Silva Milagre said that between January and May Sodiam had posted turnover of US$525 million from the sale of 3.35 million carats and now had turnover of US$570 million from the sale of 3.9 million carats.

Angola is currently the world’s fifth-largest diamond producer, in a list headed by Botswana, followed by Russia, Canada and South Africa. (macauhub)