Angola’s Endiama and Russia’s Alrosa to extend joint diamond prospecting

21 June 2013

Angolan diamond company Empresa Nacional de Diamantes de Angola (Endiama) and Russia’s Alrosa Thursday in Luanda signed a joint agreement for surveying and prospecting in diamond areas.

The agreement, in which each company has a 50 percent share, is intended, according to the chairman of Endiama, Carlos Sumbula, to carry on with work carried out over the last two years.

“In the last two years we have carried out geological surveys in Angola and concluded that only 10 percent of alluvial diamonds that we have explored have come from known kymberlite deposits,” said Sumbula.

Therefore, he said, it was time to launch the second phase to prospect national territory in order to find most of the kymberlite deposits that have yet to be discovered.

The chairman of Alrosa, Fedor Andeev, said that geological studies showed that Angola’s diamond potential totalled around 1 billion carats.

At an international conference to mark the 100th anniversary of the first diamond discovery in Angola, held Thursday and Friday in Luanda, the minister for Geology and Mining, Francisco Queiróz, said that Angola had enormous diamond potential that had yet to be discovered and quantified.

Of over 1,000 known kymberlite deposits, only three are being explored, including the Catoca mine, which accounts for 87 percent of Angola’s diamond production, the minister said. (macauhub)