Angola’s state-owned diamond producer Endiama plans to further increase output after recording 14 million carats of production in 2024, the highest level in the country’s history, as the government pushes to strengthen the mining sector’s contribution to the economy. The company is targeting production of 17 million carats by 2027, information published by Angola’s mining authorities showed on the sidelines of the Africa Mining Indaba in Cape Town, as reported by Mining Weekly.
The 2024 performance consolidates Angola’s position as one of the world’s leading diamond producers by volume, driven largely by output from major operations such as Catoca and the newer Luele mine. Authorities say sustained investment in large-scale projects and improved mine management has helped lift production despite a challenging global diamond market.
Endiama’s expansion plans form part of Angola’s broader strategy to diversify mineral production, attract foreign investment and increase state revenues. The government has stepped up exploration efforts, encouraged joint ventures and promoted traceability measures to enhance the sector’s global competitiveness and compliance with international standards, according to CNBC Africa.
Beyond boosting output, Angola is also seeking to move further up the diamond value chain and strengthen its influence in global markets. Officials have previously signaled interest in strategic partnerships and equity participation in international diamond businesses as the country looks to maximize long-term value from its natural resources, Mining Weekly reported.
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