Advertisements

Africa Mining Industry: Diamond production rises in Angola

Diamonds75_resized_diamondsreuters1022
Angolan diamonds

In June of this year Angola produced and marketed , more than 760,000 carats of diamonds, valued at about US$80 million, according to the Ministry of Geology and Mines (MGM).

According to a statement from the Ministry, production increased 2.28 percent and sales increased 5.35% compared to May.

The increase in volume was due to the fact that production at the Catoca mine registered a slight increase of 0.82 percent compared to the same period of 2015.

Production at Catoca accounted for 82 percent of the volume by carats and 56% by sales value.

The diamonds sold, at an average price of US$150 per carat, were also from the Lulo, Somiluana, Camutué and Luo projects. (macauhub/AO)

Advertisements

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: