Angola's tormented path to petro-diamond led growth

Mr. Marcelo Gomes, Admininstrative Director de Catoca

Interview with Mr M. Gomes
Read our exclusive interview

Sociedad Mineira de Catoca Lda.

Mr. Marcelo Gomes,
Administrative Director

Rua Major Kanhangulo, 100
4° Andar - Edificio Endiama
Luanda - ANGOLA -
Tel: (244 2) 390239/ 502530/31
Fax: (244 2) 394378
Read profile in portuguese

: 1965 | 1994, Origin ...... 1995, Establishment ...... 1996, Establishment ...... 1997, Establishment...... 1998 | 1999, Production

History 1965 | 1994 - Origin

1965 / 1975 - Discovery of CATOCA kimberlite and first studies by Diamang.

1980 - First contacts between the company Iakutalmaz of the ex-URSS and the Angola Government to analyse both the geological information and the technical and economic viability of the CATOCA kimberlite's exploitation.

1985 / 1987 - End of the first revision of the geological studies establishing the ore's high grade and the quality of the diamonds.

1990 - Iakutalmaz presents to Endiama the technical and economic viability study regarding CATOCA.

1991 - Revision of the tecnical and economic viability study in view of increasing the production.

- April, Iakutalmaz and Odebrecht Mining Inc. (OMSI) negociate with Endiama the proposal of association of the three enterprises.

- December, conclusion of the viability studies.

1992 - September 25th, the Ministers'Council of the Angola Government approves the minute of the contact of association and concession of mining rights.

- October 26th, signing of the contracts of incorporation of Sociedade Mineira de CATOCA and of concession of exploitation rights.

1993 -
August 6th, first meeting between the members in order to define the compisition of the enterprise's directorate.

- September 15th, signing of the deed of incorporation of Sociedade de Mineira de CATOCA.

 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