Angolan mining company Tecmad prospects for diamonds in Lunda Norte, Angola

30 October 2013

Angolan company Tecmad Mining Services is test drilling at the Camutué diamond mine, in the Cuango municipality of Angola’s Lunda Norte province, to test the viability of mining there, financial news agency Bloomberg reported.

The agency cited a company source as saying that samples had been collected from 150 metres under the surface to determine the viability of the project.

The Camutué kimberlite was discovered in 1958 and started to be mined in 2007. It covers an area of 28 hectares near the Luachimo river.

Lunda Norte province, on the border with the Democratic Republic of Congo, is the location of 16 of the 108 diamond concessions across Angola, which is the world’s fourth-largest diamond producer after Botswana, Russia and Canada.

The province includes the Cuango mine, which is the region’s second largest as well as the Lucapa kimberlite, which produces 12,000 carats of diamonds per month.

The rough diamond market in Angola in 2012 was worth US$922.9 million for a total of 8.3 million carats, according to Sociedade de Comercialização de Diamantes de Angola (Sodiam). (macauhub)