{"id":3861,"date":"2022-03-01T16:07:03","date_gmt":"2022-03-01T16:07:03","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars"},"modified":"2022-03-01T20:29:58","modified_gmt":"2022-03-01T20:29:58","slug":"sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars","title":{"rendered":"Sociedade Mineira de Catoca has a profit of over 200 million dollars"},"content":{"rendered":"

Africa-Press – Angola. <\/strong><\/span>The Angolan management at the head of Sociedade Mineira de Catoca obtained, in 2021, the best result of the last five years of the diamond company, with a net profit of 200 million dollars.<\/b><\/p>\n

According to the chairman of the Board of the General Meeting of Sociedade Mineira de Catoca and also chairman of the Board of Directors of the Empresa Nacional de Diamantes (ENDIAMA), Jos\u00e9 Manuel Ganga J\u00fanior, this result exceeds the average of 140 million dollars, achieved in the last years under the management of expatriate partners.<\/p>\n

Ganga J\u00fanior informed the partners that the team led by Angolan Benedito Paulo Manuel has achieved many successes over the last three years of leadership of the company.<\/p>\n

The positive result achieved, he explained, was much more remarkable with last year’s numbers, when everyone expected the worst scenario as a result of the Covid-19 pandemic, but the company reached levels of profitability never before recorded.<\/p>\n

According to sources consulted, the current management also stood out for having established a closer relationship with the local government and the communities, with the company having developed particularly important social projects, with an impact on the lives of thousands of families.<\/p>\n

Social responsibility programs range from education, health, water supply, fostering entrepreneurship and supporting rural women.<\/p>\n

At the recent meeting of partners, the administrator of Endiama, Paureano Receado Paulo, made it known that the public entity maintains full confidence in the current management, stressing that “the team that wins does not move, and congratulated the entire collective of workers of this important company , for the good results presented\u201d.<\/p>\n

It has already been seen that Catoca’s management has undertaken a closer approach to the local government and the reinforcement of social programmes.<\/p>\n

On the occasion, the Executive Director of IGAPE, Raimundo Santa Rosa, underlined that Catoca’s results exceed all expectations, “a fact that makes us completely comfortable and confident that this management team is doing a great job”, he said.<\/p>\n

IGAPE participated in the General Meeting as a representative of the partner LLI, as it is the trustee of LLI’s shares.<\/p>\n

Project consolidates position<\/b><\/p>\n

Despite the fact that different positions were recorded on certain points on the agenda, mainly expressed by the partner Alrosa, represented by Vladimir Marchenko, vice-president of Alrosa, the participants understand that it was clear that the results obtained by the management team, led by an Angolan, are the best in the company’s history, contrary to the controversial performance of Sergey Amelin, former general manager, appointed by Alrosa.<\/p>\n

At the end of the 68th General Shareholders’ Meeting of Sociedade Mineira de Catoca, among the main points discussed, it was decided to maintain the current management board, namely, Benedito Paulo Manuel, who is the chairman of the Management Board and also the managing director; Paulo Mandela do Amaral Martins, Deputy for Administration; Sergey Chuvilin, Deputy for Finance and Aleksandr Kozupev, Deputy for the Technical area.<\/p>\n

Social responsability<\/b><\/p>\n

The history of Sociedade Mineira de Catoca is deeply linked to the economic and social development of the eastern region of the country, as it is the largest private employer in the district and a major contributor, but above all because of social programs.<\/p>\n

Information made available reveals that, in recent years, the company has developed some of the most important social projects, expanding the field of social responsibility to other regions, benefiting communities in Luanda with support for hospitals, namely in Talatona and Zango, in addition to support for schools in Luanda and Uige. The Archdiocese of the Catholic Church in Namibe was also punctually supported. This support extended to the cultural domain, with Catoca sponsored some of the country’s major cultural events, as well as the publication of a dozen books.<\/p>\n

For the first time, for the benefit of the communities surrounding the Catoca mine, the company began a process of requalifying housing in the community, with the Sambaia project, which also provided for the construction of 125 houses. As a way of reinforcing the contribution to improving the living conditions of the populations, drinking water supply and lighting systems, community jangos and agricultural promotion programs were installed, with the creation of cooperatives, to which they provide inputs and equipment to the populations. .<\/p>\n

To help reduce hunger and poverty in the region, Sociedade Mineira de Catoca seeks to empower families by generating income. In partnership with the Government and Funda\u00e7\u00e3o Brilhante, they implemented strategic social programs (Catoca Aluno, Catoca Mulher Rural, Catoca Jovem Empreendedor and Catoca Acad\u00e9mico), for the populations of Lunda-Sul, Lunda-Norte and Moxico.<\/p>\n

Located in the province of Lunda-Sul, Sociedade Mineira de Catoca is the fourth largest open pit mine in the world, responsible for more than 75 percent of the country’s diamond production. Currently, with 27 years of existence, Catoca is the company that generates the most jobs in the private sector in the province of Lunda-Sul, having already promoted more than 5,000 direct and indirect jobs, a number that may increase with the start of operations in the coming years. , in other projects.<\/p>\n

For More News And Analysis About Angola<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Angola. The Angolan management at the head of Sociedade Mineira de Catoca obtained, in 2021, the best result of the last five years of the diamond company, with a net profit of 200 million dollars. According to the chairman of the Board of the General Meeting of Sociedade Mineira de Catoca and also […]<\/p>\n","protected":false},"author":84,"featured_media":3860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,337,329],"class_list":["post-3861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"\nSociedade Mineira de Catoca has a profit of over 200 million dollars - Angola<\/title>\n<meta name=\"description\" content=\"The Angolan management at the head of Sociedade Mineira de Catoca obtained, in 2021, the best result of the last five ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sociedade Mineira de Catoca has a profit of over 200 million dollars\" \/>\n<meta property=\"og:description\" content=\"The Angolan management at the head of Sociedade Mineira de Catoca obtained, in 2021, the best result of the last five ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-01T16:07:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-01T20:29:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/03\/img-621e82315a855.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"355\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Sociedade Mineira de Catoca has a profit of over 200 million dollars\",\"datePublished\":\"2022-03-01T16:07:03+00:00\",\"dateModified\":\"2022-03-01T20:29:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars\"},\"wordCount\":859,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/03\/img-621e82315a855.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/sociedade-mineira-de-catoca-has-a-profit-of-over-200-million-dollars\",\"name\":\"Sociedade Mineira de Catoca has a profit of over 200 million dollars - 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