The Mining Society of Catoca has received a green-light from the government of the Angolan province of Kwanza Sul to commence diamond exploration work in the Gango and Quitúbia mining concessions.
Each of the two projects (Quitúbia and Gango) had a concession area of about 3000 square kilometres and would be the first diamond mining projects in Kwanza Sul.
Catoca said in a statement that equipment would be soon installed at the concession areas.
It said the demining of the two concession areas was also planned, while an analysis of the geological materials, opening up roads, and setting up equipment would also be done.
Attempts had been made to launch exploration at the Gango project since 2001 but without any success.
Catoca is owned by a consortium of international mining interests, including Endiama (the state mining company of Angola), which has a 32.8 percent stake, Alrosa of Russia (32.8 percent), Daumonty (18 percent) and the Odebrecht of Brazil (16.4 percent).
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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