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Angola: Endiama EP now wants to reduce operational costs on the diamond

Agency (Ecofin) - The Angolan diamond company Endiama National EP, exclusive dealer of diamond mining rights in this country wants to reduce operational costs in mines and at all its subsidiaries, Angola Press reports.
The key player in the diamond sector in Angola means, by this measure, increase state revenues in the development of the diamond, creating more dividends to shareholders and make more profit sector staff.
António Carlos Sumbula, CEO of Endiama EP, announced this new momentum last Friday during the "Night of Diamonds".
The event was part of the International Fair of Luanda mines that brought together participants from Portugal, Namibia, the Netherlands, South Africa, France, Russia, the Argentina and Canada.
Diamond, he has pointed out, is a non-renewable resource and the company, which has made significant projects for the rehabilitation of abandoned diamond mines, must diversify.
Angola has completed a century diamond mining and ranks in the top tier of global producers countries this with a production of 8.5 million carats in 2013 and a projection of 9.5 million carats in 2014.
Its diamond potential continues to attract industry majors including De Beer and Russian Alrosa group who have made a special place there.