Energy & Mining

Sociedade Mineira de Catoca

With 28 years of existence, Sociedade Mineira de Catoca is directly linked to the development process of Angola and actively contributes to its progress. For the coming years, the focus is on increasing reserves and the energy transition.

Sociedade Mineira de Catoca is the largest mining company in Angola, responsible for the production of more than 80% of the country’s diamonds. This positions it as the sixth-largest diamond producer in the world and generator of more than 10,000 direct and indirect jobs.

It has developed a vast package of social programs for the benefit of its workers and the communities around the mine.

With nearly three decades in operations, Catoca has a history of overcoming challenges; ones that all pioneers must face. It believes in the dream of becoming the greatest, actively contributing to the economic and social development of our country.

It puts out the highest-quality products on the international market and that meet all the internationally accepted norms and industry standards.

“28 years has gone by fast, so fast that it seems like yesterday that we started at the Catoca mine. We have overcome all the challenges along the way.

This is definitely a path that makes us proud, because we are contributing to the economic development of the country, providing the international market with a high-quality product, and complying with all internationally accepted standards,” says Benedito Paulo Manuel, Director General of Sociedade Mineira de Catoca.

Looking to the future, the focus is on increasing our reserves, because the Catoca mine has approximately just 10 more years of open-pit mining; however, it may be able evolve to into an underground mine if the ongoing studies prove technically and economically feasibility.

Another step we are looking at to increase our reserves has to do with the reopening of a wave of geological studies regarding the discovery of kimberlite deposits that can be exploited by the Sociedade Mineira de Catoca. This is similar to a process that has already been undertaken in the past.

Another aspect of great importance, besides the permanent investment in training and qualification of our staff, is the energy transition that is being undertaken. The construction of a photovoltaic panel plant will significantly impact the change in the country’s energy matrix, meaning the majority of our needs will be supplied by environmentally friendly sources such as solar and hydroelectric power.

Intra-African trade and the relocation of companies can improve the efficiency of the logistics chain to support the sector

According to Benedito Paulo Manuel, conditions in the country will have an increasing effect on the international diamond market. This will result in growing availability of Angolan diamonds globally because of numerous start-ups entering the prospecting phase with some already in production, such as the Luele mine in the Luaxe concession.

It should also be noted that the fiscal and economic climate has seen significant advances in recent years, creating a favorable environment for investors in Angola. In addition to legislation being improved to make it more investor friendly, there has been a major focus on the quantity and quality of information regarding diamond occurrences and the facilitated procedures to access this information for investment purposes.

The government believes that the conditions are in place for a significant growth of the diamond sub-sector, which can be leveraged faster if the logistics support chain of mining activity is made more efficient. This essentially involves the strengthening of intra-African trade of goods and services, as well as some of the largest equipment and international services companies establishing themselves in Angola.