Catoca diamond mine
This article needs to be updated.(September 2019)
|Products||Diamonds (2.6 million carats in 2001)|
|Company||Alrosa (32.8%) |
Diamond Finance CY BV Group (16.8%)
The Catoca diamond mine is the fourth largest diamond mine in the world, and is located in Angola. The mine is owned by a consortium of international mining interests, including Endiama (the state mining company of Angola) (32.8% ownership), Alrosa of Russia (32.8%), Odebrecht of Brazil (16.4%), and the Diamond Finance CY BV Group (16.8%). The mine is located on a kimberlite pipe.
The mine had production of 1,800,000 carats (360 kg) in 2000 and 2,600,000 carats (520 kg) in 2001. The mine's production is 35% gem quality, compared to a global average of 20%; the diamonds produced at Catoca have an average value of US$75–$100 per carat ($375–500/g). Estimated reserves are 60 million carats (12 tonnes).
The diamonds from Catoca Mining Society topped the sales of 2009, with a net profit of US$70 million, resulting from a gross production of US$122.6 million, Angop. The information is contained in an annual report from the company released in September 2011. According to the source, the sales reached 7,050,521 carat, at the average rate of US$62.23, a volume that represented about 78 percent of the amount sold by the diamond companies around the country. The note states that as a result of the processing of the ore, the company obtained a total of 7.5 million carats that permitted it to establish the operational cost.
In 2012 the mine extracted 6,500,000 carats (1,300 kg) out of 10 million tonnes of ore production.
- McClelland, Colin. "Angola's Catoca Diamond Complex to Add Mill as Miners Dig Deeper". Bloomberg. Retrieved 2014-05-20.
- Pervov, V. A., Somov, S. V., Korshunov, A. V., Dulapchii, E. V., & Félix, J. T. (2011). The Catoca kimberlite pipe, Republic of Angola: A paleovolcanological model. Geology of Ore Deposits, 53(4), 295-308.