The Angolan company Sociedade Mineira de Catoca (SMC) plans to begin operations in Zimbabwe in 2014 in the Limpopo Basin and Marane regions near the Mozambican border, said the company’s general manager, José Ganga Júnior.
Entry in that country is assured by the signing of an Angola/Zimbabwe cooperation memorandum on mining activity, centring on research, prospecting, exploitation and technical and technological support, Ganga Júnior said, adding that it was too early to speak about the amount to invest.
“First the contract for the areas to be exploited has to be signed, then a programme will be drawn up for the intervention, which will begin with prospecting activities,” Ganga Júnior told the Angop news agency.
The Limpopo River is southern Africa’s second longest river. Its 1,600 km course marks the borders of South Africa, Botswana and Zimbabwe before entering Mozambique in northern Gaza province and emptying into the Indian Ocean near the city of Xai-Xai.
According to some investigations the Marange diamond field is one of the biggest diamond discoveries in recent times, with huge potential to boost Zimbabwe’s economy.
Sociedade Mineira de Catoca is formed by the companies Endiama (Angola) with 32.8 percent of the shares, Alrosa Russia with 32.8 percent, Daumonty (Israel) with 18.0 percent and Odebrecht (Brazil) with 16.4 percent. (macauhub)