CityView has paid US$1,030,000 as a 135 days option and shut out fee to purchase 100% of Canzar………….the holders of a 41% legal and beneficial interest in 3 alluvial / kimberlitic diamond concessions.
Since work appears to be more advanced at Luachisse, the initial focus will be on the alluvial diamond concession rather than at Nhefo. ……………………………………………………
South African firm to invest in diamonds The South African company Metalon is to spend US$10 million this year on diamond prospecting in Luachassi, municipality of Chitembo, in the central highland province of Bié. Mzi Khumalo, president of the board of directors of Metalon, said this sum was only for the first phase of prospecting, analyses to complete the feasibility study, the acquisition of equipment and the installation of material.
He said work had already started and that members of the Alfa-5 security firm were there to prevent illegal mining. He said the project would benefit the local population because his company would rebuild destroyed bridges and build schools, homes and other undertakings. They also planned to build hospitals. ‘Metalon will be the first company to do this in the region,’ he said.
Maria da Cruz Gomes, administrative director of Endiama, the state diamond company, said that apart from this project, Metalon would finance projects in other parts of the province, such as Dando Kwanza, where diamonds would be mined in the future.
Ana Maria Mvuayi, deputy governor of Bié Province for social affairs, said partnerships between the provincial government and diamond companies were important because this project would create many jobs for local youths.
Economy 05-05-2006 Project diamond boots with 10 million dollars
The Project of the diamond Luachisse, at Tchitembo, Bié, may start later this year, judging by the current mobilization of manpower and equipment to the mine that is in the central region of the country.
In Luachisse, Endiama has as partners, the South African company Metallon Corporation, Limited, New Angospencer, Luboia and New Angon. The South Africans provide an initial investment between seven and ten million dollars, according to the president of that corporation, Mzi Khumalo. "The second phase on the capital to invest will be determined after the feasibility studies of the project, as the first must finish by the end of this year," subli-nhou.
The Association Luachisse has just opened its office in Luanda, which will coordinate all operations for the start of this mine which lies in the central region of Angola, at a time when it is visible the concentration of effective security to prevent the miners in the concession, described as much.
À abertura dos escritórios da empresa, entre outras entidades, esteve, também, o presidente do Conselho da Administração da Endiama, Manuel Calado, que interrogado sobre a abertura de novas minas diamantíferas fora das tradicionais áreas de exploração das Lundas, no leste do país, deixou que a economista Maria Ferreira, que lidera a nova empresa, falasse dessa viragem do sector.
In the opening of the offices of the company, among other entities, was also the chairman of the Council of Administration of Endiama, Manuel Calado. ………………………………………………………….
Council of Ministers Approves Economic Agreements and Voter Registration Regulations
In addition to approving the Executive Program for the Rehabilitation of the National Road System (see the July 1 ANIP news bulletin for further details), the Angolan Council of Ministers also approved a number of other economic and commercial related agreements in the past week. Notably the Council: · Authorized the Angolan state diamond mining company ENDIAMA to enter into partnership agreements with Luboia Sarl, Nova Angospencer Sarl, and Metallon Corporation Limited to mine and prospect for diamonds. ………………………………………………………………………
I asked MS who metallon were. He has never heard of them.
Metallon is a major private South African mining company If you wish to contact them http://www.metallongold.co.za/
If you wish to contact Bateman Engineering, the equipment suppliers [email protected]
I have not tried to contact them. By the time I started working on Luachisse I was "CVI worn out."
CVI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
