Angola Diamonds Industry: Endiama, private companies to mine diamonds in the country

Angola’s state diamond company Endiama and private comapnies Lukapa Diamond and Rosa e Pétala have signed an agreement for diamond prospecting in the Lulu concession, in Capenda Camulemba, in Angola’s Lunda Norte province, according to the Angolan press.

The five-year agreement should provide diamond production worth US$40 million a year.

Endiama chairman Carlos Sumbula said aero-magnetic surveys had revealed the occurrence of more than one hundred kimberlites, of which just five are economically viable.

“We are explore the kimberlites and, simultaneously, continue with prospecting work, which will create 200 jobs,” he said.

The Lulu concession is 32-percent owned by Endiama 32%, 40 percent by Lukapa Diamond and Rosa e Pétala owns the remaining 28 percent. (edited by macauhub)