Measures to combat Covid-19 force Angola’s biggest diamond mining company to halt activity

1 April 2020

Sociedade Mineira de Catoca has laid off most of its workers and suspended work at its new concessions, as part of measures to prevent the spread of the new coronavirus said the company in a statement issued in Luanda.

The statement added that the special regime implemented in the country stipulates a partial halt to the company’s work, keeping just a few services operational, in line with instructions from the health authorities.

Located in the province of Luanda Sul, Sociedade Mineira de Catoca has the fourth largest mine in the world, which is an open-pit mine and accounts for more than 75% of the diamonds produced in Angola.

Meanwhile, the minister of Finance, Vera Daves, announced at the end of last week that the government had decided to work with a benchmark price of US$100.3 per carat, for production and sale of diamonds on the international market.

The previous benchmark price was US$162 per carat. (macauhub)