ANGOLA Angola's tormented path to petro-diamond led growth Interview with Mr M. Gomes Read our exclusive interview Sociedade Mineira de Catoca Lda. (S.M.C) Mr. Marcelo Gomes, Administrative Director Contact: Rua Major Kanhangulo, 100 4° Andar - Edificio Endiama Luanda - ANGOLA - Tel: (244 2) 390239/ 502530/31 Fax: (244 2) 394378 E-mail: mgomes@catoca.com History: 1965 | 1994, Origin ...... 1995, Establishment ...... 1996, Establishment ...... 1997, Establishment ...... 1998 | 1999 Production History 1998 | 1999 - Production - Geological prospecting began for the study of the whole deposit of kimberlite up to e depth of 600m. - January 1999: 2 000 000 carats produced by the Sociedade Mineira de CATOCA since the production began. - Installation of a hydraulic irrigation system by central pivot for the agricultural project for self-subsistence in food produce and local development of farming and cattle raising for the benefit of the workers. - Installation of an integrated private Telecommunications system with land and satellite stations (voice & data). - The Professional Training Centre became fully operational. - September 1999: the mine reached a depth of 66m. - November 1999: production of the Treatment Station reached 200 000 t of ore. Production indicators see table Description Accounting Data (in thousands of dollards) Description 1998 1999 Net assets 37.241 39.413 Capital 29.268 29.268 Reserves 9.132 10.145 Accumulated profits (1.159) 000 Net profit for the business year 4.863 20.259 Proposed dividens   18.087 Corporate tax   10.285 Financing   21.841 Cash and equivalent 1.471 9.588 Stocks 13.675 10.640 Fixed assets and deferred cost 123.411 106.106 Depreciation (66.437) (35.507) Sales 70.486 127.107 Operating profit before financial return 4.110 23.114 Production Indicators Description UN 1997 1998     Planned Actual Planned Actual Carats QI 132,800.00 112,883.06 708,320.00 1,177,588.06 Barren Earth Removed m3 220,000.00 156,100.00 988,000.00 656,600.00 Ore Extracted m3 135,000.00 128,500.00 782,000.00 874,300.00 Ore Treated m3 350,000.00 311,100.00 1,505,000.00 1,650,800.00 Content   0.38 0.33 0.47 0.71 Sales QI   61,574.36   982,054.30 Production Indicators Description UN 1999 TOTAL     Planned Actual Planned Actual Carats QI 1,388,775.75 1,585,153.30 2,229,895.75 2,875,624.42 Barren Earth Removed m3 1,697,600.00 1,230,700.00 2,905,600.00 2,043,400.00 Ore Extracted m3 1,095,237.00 1,191,600.00 2,012,237.00 2,194,400.00 Ore Treated m3 1,957,100.00 2,002,800.00 3,812,100.00 3,964,700.00 Content   0.71 0.79 0.52 0.61 Sales QI   1,647,869.66   2,691,498.32   Read on   © World INvestment NEws, 2002. This is the electronic edition of the special country report on Angola published in Forbes Global Magazine. February 18th, 2002 Issue. Developed by AgenciaE.Tv