CATOCA expects an increase of 6 million carats


Catoca Mining Company expects for 2024 diamond production to rise by around 6.9 million carats and an investment of 69,282 thousand dollars. The information was provided by the company’s representative, Porfírio Soares.

The official, who presented the balance sheet of the company’s activities for the period to 2023, stressed that for the investment plan in question the main focus will be on prospecting, which will make it possible to guarantee an increase in reserves, mobilization of the treatment plants to improve the quality of work, with a view to reducing downtime at the plants and modernization of the equipment fleets.

For the same period, Catoca expects its sales to reach 6 million 941 thousand dollars and to contribute around 34,707 dollars in taxes to the state coffers.

“The estimated volume of diamonds sold is done by mine and December’s production is sold the following month, in other words, in January,” said Porfírio Soares, assuring that the targets set for this year will allow Catoca to generate more than 2,000 jobs.

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