The Somiluana project, in the municipality of Lucapa, Lunda-Norte Province, expects to produce around 12 thousand carats of diamonds/month this year, a goal that could contribute to increasing the production of this strategic mineral. The mining project, whose selection center is to be inaugurated in April this year, as part of the technical activities on the mine Workers’ Day in, will generate 762 jobs.
According to media report, the project is expected to reach around US$77 million/annually over approximately 20 operational years. The kick-off of effective exploration of the mine opens up new perspectives in the diamond subsector, with emphasis on the increase in tax revenues, according to Endiama E.P. forecasts.
With a concession area of 444 square kilometers, the secondary deposit (alluvium) has a 33% share from Somiluana, while the concessionaire, Endiama, holds the other 67%. The commemorative day of April 27th, according to the program sent to Angop, foresees the inauguration of the Cácata Phosphate exploration project, in the province of Cabinda, with a concession area of 85 square kilometers.
The phosphate will be explored over a period of 10 years, which may be extended.
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Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
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