![[Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years](https://theafricanbusiness.com/wp-content/uploads/2023/02/TALA-APP-360x180.jpg "[Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years 19")
Catoca mining company with “highly satisfactory” results this year
Sociedade Mineira de Catoca recorded “highly satisfactory” economic results in this economic year, even in the face of Covid 19, which impacted the company’s activity.
According to the Chairman of the Management Board of Sociedade Mineira de Catoca, Benedito Manuel, this was due to the “ability to be resilient” in a difficult period for the world economy and particularly for the diamond sector, “basically due to the severely impacted working conditions by the pandemic and, on the other hand, by the irregular behavior of the input supply markets.”
For 2022, the company projects high numbers in terms of extracting the mining mass and recovering several million carats of diamonds, according to Benedito Manuel.
“We plan to extract about 15 million and 485,000 cubic meters of mining mass, to treat 11 million and 400 thousand tons of miner”, which assumes that “we shall recover 6 million and 0.95 thousand carats” , he said.
“It is worth saying that the very serious work we want has to do with the volume of blasts, because we are crossing a layer of xenolithic rocks, in the mine, which in some way increases the complexity of the work at the mine level. We will have to blast around 10 million 385,000 cubic meters of barren rocks,” he said.
Catoca is the fourth largest open pit mine in the world, responsible for more than 80% of diamond production in Angola.
In 26 years of existence, it has generated more than 5 thousand direct and indirect jobs. It is located in the municipality of Saurimo, province of Lunda Sul and has been operating since 1996
