Angolan state diamond company Endiama plans to re-launch exploration at the Shiri, Sangamina, Camafuca and Camazambo mines as they are kimberlites with confirmed reserves, the company’s chairman said Wednesday in Luanda.
At the session to celebrate the company’s 33rd anniversary, António Carlos Sumbula said that because of the circumstances of the international market the company had so far been unable to explore these kimberlite deposits.
“At the moment the market is high enough and we are now negotiating with investors so that exploration (…) can begin in the next two years,” he said according to Angolan news agency Angop.
In terms of the work carried out in partnership with Russian group Alrosa, Sumbula said that after all the studies were carried out the conclusion was that the alluvial diamonds mined in the country for 100 years are fro undiscovered kimberlites, whilst just 10 percent of the diamonds extracted in the same period come from known kimberlite deposits.
“This means we have the job of finding the other 90 percent of unknown kimberlites,” said Sumbula.
Endiama, which was founded in 1981, is the state company responsible for prospecting, exploration, cutting and sale of diamonds in Angola, which is one of the top 5 world diamond producers by value and top 10 by quantity. (macauhub)