The Global Resource For Connecting Buyers and Sellers

New diamond mine inaugurated in Angola

Angola’s newest diamond mining operation, the Tcheji Mining Company, had its operation formally inaugurated on April 4. The project involved an initial investment of some $15-million and the mine has an initial production capacity of 3 000 carats a month. However, with the completion of a new treatment plant, scheduled for the middle of next month, this should increase to 6 000 carats/month. The mine is expected to accrue gross revenues of $1.5-million/month.