Angola: Diamond company Endiama forecasts production of 10 million carats in 2008

24 June 2008

Luanda, Angola, 24 June – Angolan diamond company Endiama expects to produce 10 million carats of diamonds by the end of 2008, the company’s chairman, Manuel Calado said in Luanda last week.

In 2007 Endiama produced 9.7 million carats of diamonds.

Speaking to Angolan news agency Angop, Calado said that in order to meet this target, Endiama was prospecting new mining areas in the country and modernising its production areas using the latest technology.

According to Calado, in order to implement the project, the company had sent experts across the entire country to survey new prospecting and production areas, as part of an intensive programme that was underway.

With this, he said, the aim was to increase the range of exploration areas and the company’s profits, reduce operating costs in the diamond sector, consolidate diamond production in the country, as well as contribute to the growth of the national economy and increase revenues for the State Budget. (macauhub)