Angola Catoca diamonds reports revenue increase
At least USD 757 million is the amount collected by Sociedade Mineira da Catoca, in Lunda Sul, from the sale of diamonds in 2021, as compared to US$615 million in 2020.
The information was provided last week by the company spokesman, Mário Domingos, at the end of the 69th general meeting of shareholders, noting that the company’s profits totalled US$270 million (2021), compared to US$163 million in 2020.
The increase in revenue, according to the source, was due to the selfless work of all workers.
At the general assembly to renew the new social bodies, the current board, led by Benedito Paulo Manuel, was reappointed.
During the general assembly of members, the participants discussed issues related to the actions of the company for the quality of life of workers, by setting an exchange rate to maintain the purchasing power of the same, given the appreciation of the Kwanza in relation to the dollar.
He stressed that the management team, made up predominantly of Angolans, led the company at a difficult time, mainly due to the pandemic context, in which it was forced to dispense with more than 50% of its workforce, for strict compliance with biosecurity measures, aggravated by the shortage of spare parts and equipment essential for production.