Endiama
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Type | E.P. Empresa Pública |
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Industry | Mining |
Headquarters | Rua Major Kanhangulo nº 100 Luanda, Angola |
Key people | Dr José Manuel Augusto Ganga Júnior, President |
Products | Diamonds |
Website | http://www.endiama.co.ao/contactos.php |
Endiama E.P. (Empresa Nacional de Diamantes E.P.) is the national diamond company of Angola and it is the exclusive concessionary of mining rights in the domain of diamonds. Angola's state-run diamond company Endiama produced 8.55 million carats of diamonds in 2010.[1]
Endiama's primary property is Catoca, which is a joint venture between Endiama (32.8%), Russia based ALROSA (32.8%), China based LLI (18%), and Brazil based Odebrecht (16.4%). Catoca is the seventh largest diamond mine in the world, and is estimated to produce over 7 million carats of diamonds in 2014 worth just under $1 billion.[2]
Through the long time former president of Endiama, Noé Baltazar, who is part of the inner circle of José Eduardo dos Santos, Isabel dos Santos entered the diamond business with her stakes in SODIAM and ASCORP in which both Endiama and Noé Baltazar also had stakes as well as Marc Rich, Lucien Goldberg, and Lev Leviev for the latter.[3][4]
Operations[]
Subsidiaries; links are to the (in Portuguese) subsidiaries' pages at Endiam's main site:
- /[1] diamond purchasing; diamond sales; diamond trade management; company works to combat illegal diamond trade
- /[2] diamond prospecting and mining
- /[3] transport and logistics; transport of ore and diamonds between mining and processing facilities; produces lubricants in association with Sonangol; has recently begun producing heavy industrial equipment in association with its own subsidiary
- /FB [4] social programs; cultural programs
- /CSE [5] an 80-bed hospital in Luanda; medical specialties represented include cardiology, neurosurgery, neurology, gynecology, obstetrics, etc etc
- /ADA [6] - company aviation
- Grupo Desportivo Sagrada Esperança/[7] - "Sagrada Esperança", a major league football club in Dondo.
Endiama's mining operations, each of which is a company in its own right:
- [8] (35% ownership) located in - Lunda Norte; besides mining, Chitololo is involved in education via its
- Sociedade de Desenvolvimento Mineiro (SDM) [9], in Cuango, 50% ownership in association with Odebrecht in Brasil.
- /Catoca [10] 32.8%, in association with and Alrosa in Russia, in Israel and in Brasil.
- , Lda (20%)
- Projecto Fucaúma/Fucauma diamond mine [11] 40% owned in association with and others;
- Projecto Luarica/Luarica diamond mine [12] 38% owned in association with , and others
- /SML [13] 51% owned by Endiama, 49% owned by /SPE; operations are located in the and basins.
- / [14] a joint venture formed in 2003 with , and /Espírito Santo and Alrosa.
- [15]
- [16] diamond production
- [17] 50% owned, in association with /; located in the Camissombo exploration area in the province of Lunda Norte.
See also[]
- Conflict diamond
- Diamonds as an investment
References[]
- ^ DIB Online: Endiama produced 8,55 million carats in 2010 March 22, 2011
- ^ Mining.com: The state of global rough diamond supply 2014 March 13, 2014
- ^ Filipe, Celso (19 December 2008). "Isabel dos Santos: tem cara de menina mas faz negócios crescidos" [Isabel dos Santos: looks like a girl but does big business]. Negócios (in Portuguese). Archived from the original on 7 August 2011. Retrieved 27 January 2020.
- ^ "Isabel dos Santos: From billionaire "princess" to regime nemesis". China-Lusophone Brief (CL Brief). 17 August 2018. Retrieved 27 January 2020.
External links[]
- Companies based in Luanda
- Economy of Angola
- Diamond mining companies
- Mining companies of Angola