Africa-Press – Angola. ENDIAMA EP has set a target to polish 20 percent of the diamonds it produces to create jobs and wealth, said, this Tuesday, in Cape Town, the chairman of the Board of Directors, Ganga Júnior.
Speaking to the press, within the framework of ENDIAMA’s participation in the International Conference on Mining in Africa, Ganga Júnior stated that the aim was to increase the value chain, and that would involve increasing the cutting rate to 20 percent, despite currently being below of the 10 percent.
Ganga Júnior said that “important steps” have already been taken, fundamentally with the ongoing construction work on the Gold Refinery, the next stage is to produce and sell jewels in Angola, to overcome the obstacle of “producing a lot of diamonds, but we polish a little”.
“We have to work to increase the polishing activity. We need to create jobs, wealth”, acknowledged the manager, stressing that there is still a need for more investments, causing new “players” to enter investments to diversify economic activity.
The chairman of ENDIAMA’s Board of Directors added that they are working to bring investors to Angola who can make a difference in diamonds and increase the value chain, attracting other companies with an interest in cutting.
ENDIAMA is one of the 12 companies representing Angola at the International Conference on Mining in Africa “Mining Indaba”, along with CATOCA, SODIAM, AJ SILVA, Sociedades Mineiras de Chitotolo, Yetwene, Furi e Kaixepa, Geosondas, Minbos Resources, Ozango Minerals Hypermachines and Shinning Star.
The International Conference on Mining in Africa, known as Mining Indaba, which is now in its 30th edition, is the largest African investment event in the mining sector and this year takes place under the motto: “Unblocking the future of Mining in Africa”, bringing together more of six thousand lecturers.
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