27 November 2008
Luanda — Angola might become in 2010 one of the three greatest diamond producers, considering the new investments and mining contracts, says a study by the KPMG consulting firm, issued in Luanda.
According to the study, this study will be confirmed in 2010 if Angola reaches a production rate of 19 million karats, surpassing the seven million recorded in 2006.
With the goal of exporting this product with a greater value, the state-run diamond company Endiama-EP is creating a second industrial factory for cutting and polishing diamonds, in the eastern Lunda-Sul Province, expecting thus an amount of 20 million US dollars per month.
Under the study, Endiama - EP has been developing a project meant to create a factory for jewels production and 400 people will be trained to work in this sector.
Official data point that there is a strong possibility of improving diamond production due to investments by Endiama, a firm that has been signing various international contracts.
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Does this study account for the large amount of illicit diamond mining which continues to happen in Angola? I can see (http://www.searchmining.net/page.do?name=MJ_angola) that illicit diggings take up a large amount of Angola’s diamond production.