Cuango mining production could grow up to 28 thousand carats per month.

Sociedade Mineira do Cuango has a monthly production of 23 thousand carats, to date, which when multiplied, allows the members to approve an annual outflow of 11 million dollars for the acquisition, maintenance of machines and payment of salaries for the 700 workers.

The mining production obtained by the Cuango society, in the province of Lunda-Norte, is 23 thousand carats of diamonds/month, and the forecast is to increase production levels, in the second quarter of the year, to 28 thousand carats /month and consequently increase the tax contribution, according to the interim director for Mining Operations, Hamilton Carvalho.

On the sidelines of a children's event, held this Wednesday, as part of the company's Social Responsibility actions, Hamilton Carvalho said that prospecting carried out over the last two years confirmed the existence of new profitable deposits in the concession, however, the work assembly process comes from a new pre-treatment washing plant with a processing capacity of 125 cubic meters.

However, the company has an aggregate of six to seven thousand carats of diamonds in its trade balance, a fact that will allow sales in the order of 350 to 4,000 dollars/carat, compared to the current 280 dollars.

Cuango mining production could grow up to 28 thousand carats per month

Sociedade Mineira do Cuango has a monthly production of 23 thousand carats, to date, which when multiplied, allows the members to approve an annual outflow of 11 million dollars for the acquisition, maintenance of machines and payment of salaries for the 700 workers.

Jun 18, 2024 - 15:48
Cuango mining production could grow up to 28 thousand carats per month
© Photography by: DR
Cuango mining production could grow up to 28 thousand carats per month

The mining production obtained by the Cuango society, in the province of Lunda-Norte, is 23 thousand carats of diamonds/month, and the forecast is to increase production levels, in the second quarter of the year, to 28 thousand carats /month and consequently increase the tax contribution, according to the interim director for Mining Operations, Hamilton Carvalho.

On the sidelines of a children's event, held this Wednesday, as part of the company's Social Responsibility actions, Hamilton Carvalho said that prospecting carried out over the last two years confirmed the existence of new profitable deposits in the concession, however, the work assembly process comes from a new pre-treatment washing plant with a processing capacity of 125 cubic meters.

However, the company has an aggregate of six to seven thousand carats of diamonds in its trade balance, a fact that will allow sales in the order of 350 to 4,000 dollars/carat, compared to the current 280 dollars.