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Company 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]
Subsidiaries; links are to the (in Portuguese) subsidiaries' pages at Endiam's main site:
Endiama's mining operations, each of which is a company in its own right:
Lunda Norte is a province of Angola. It has an area of 103,760 km² and a population of 862,566. Angola's first President, Agostinho Neto, made Lucapa the provincial capital after independence, but the capital was later moved to Dundo. The province borders the Democratic Republic of Congo in the northeast and Lunda Sul in the south. The province is rich in gold and diamonds, but remains vastly underdeveloped and impoverished. UNITA used the money generated from the sale of diamonds to fund war efforts. Cuango River valley, the richest diamond area of Angola is located in the province. Mining is done by notable companies like DeBeers and Endiama. The Lunda province whose capital was Saurimo was created by the Portuguese colonial empire on July 13, 1895. It was divided into Lunda-Sul and Lunda-Norte subdivisions through a constitution act in 1978 by the People's Movement for the Liberation of Angola (MPLA) government. Iron and manganese mining are also important economic activities. It is well known for its sculptures. The most notable one is The Thinker, a sculpture of a man holding his head. It is rich in terms of flora and fauna.
Lunda Sul is a province of Angola. It has an area of 77,637 km² and a 2014 census population of 537,587. Saurimo is the provincial capital.
The Fucauma Diamond Mine is a diamond mine under construction in the Lunda Norte Province of Angola. The mine is owned by a consortium of diamond mining companies, the two largest holders being Endiama with 40 percent ownership and Trans Hex with 35% ownership.
The Luarica diamond mine is a diamond mine located in Angola. The mine is owned by a consortium of diamond mining companies, the two largest holders being Endiama with 38 percent ownership and Trans Hex with 32 percent ownership.
The Catoca diamond mine is the fourth largest diamond mine in the world, and is located in Angola. The mine is located on a kimberlite pipe. The mine is owned by a joint venture between the Angolan state-owned company Endiama, and the Russian company Alrosa.
Saurimo, formerly known as Henrique de Carvalho, is a city in Angola. It is the capital of Lunda Sul Province. As of 2014, Saurimo has a population of 393,000 people, which steadily grows as a result of migration.
Lev (Levi) Leviev is an Israeli diamond magnate, investor and philanthropist. Leviev was the Chairman and majority shareholder of Africa Israel Investments, a diversified conglomerate, between 1997-2018. Leviev lived in Israel between 1971-2007 and moved to reside in London. He is a noted philanthropist for Chabad Lubavitch causes in Eastern Europe and Israel. In 2018, Leviev had a net worth of US$1 billion according to Forbes.
Grupo Desportivo Sagrada Esperança, usually known as Sagrada Esperança, is a football (soccer) club from Dundo, Lunda Norte province, Angola. The club won its first title, the Angolan Cup, in 1988.
Dundo, or Dundo-Chitato, is a former mining town, with a population of 177,604 (2014), now a city and the provincial capital of Lunda Norte in Angola. Established in the early part of the 20th century as a planned diamond mining community, Dundo has continued to grow, has its own airport and is now being superseded by a new city, New Dundo.
Estádio Sagrada Esperança, formerly Quintalão do Dundo is a football stadium located at the Kamakenzo neighborhood in the city of Dundo, Angola. The stadium underwent a major rehabilitation in 2003 with the installation of a grass pitch to replace the dirt one. On March 5 2008, the stadium was further renovated. It is owned by and the home ground of Grupo Desportivo Sagrada Esperança. The stadium holds 8,000 people.
De Grisogono is a Swiss luxury jeweller founded in Geneva, Switzerland, in 1993 by Lebanese-Italian black diamond specialist Fawaz Gruosi. The Italian name Grisogono is derived from the Latin Chrysogonus which comes from the Greek Chrysogonos χρῡσό-γονος, meaning "begotten of gold". The company filed for bankruptcy on 29 January 2020. In 2022 it was bought by the Damac Group of Dubai.
Alrosa is a Russian group of diamond mining companies that specialize in exploration, mining, manufacture, and sale of diamonds. The company leads the world in diamond mining by volume. Mining takes place in Western Yakutia, the Arkhangelsk region, and Africa. Alrosa is Russia's leading diamond mining and distribution company, accounting for 95% of Russian diamond production and 27% of global diamond extraction.
Isabel dos Santos is an Angolan businesswoman, the eldest child of Angola's former President José Eduardo dos Santos, who ruled the country as a dictator from 1979 to 2017. Once considered Africa's richest woman according to Forbes magazine, with a net worth exceeding US$2 billion, she was dropped from the magazine's list in January 2021 after the freezing of her assets in Angola, Portugal and the Netherlands. She owes $340 million to the Portuguese company PT Ventures.
Mining in Angola is an activity with great economic potential since the country has one of the largest and most diversified mining resources of Africa. Angola is the third largest producer of diamonds in Africa and has only explored 40% of the diamond-rich territory within the country, but has had difficulty in attracting foreign investment because of corruption, human rights violations, and diamond smuggling. Production rose by 30% in 2006 and Endiama, the national diamond company of Angola, expects production to increase by 8% in 2007 to 10,000,000 carats (2,000 kg) annually. The government is trying to attract foreign companies to the provinces of Bié, Malanje and Uíge. Angola has also historically been a major producer of iron ore.
Sociedade de Desenvolvimento Mineiro (SDM) is an Angolan public mining company and holds the mining rights in an area of concession of 2,950 km2, located in the hydrological basin of Cuango River, Lunda Norte Province.
The Companhia de Diamantes de Angola (Diamang) was a company exploiting diamond mines in Angola. Diamang was formed on 16 October 1917 by financial investors from Angola's then colonial master Portugal, and also from Belgium, United States, Great Britain and South Africa. The company was formally dissolved on 17 February 1988.
General Adriano Makevela Mackenzie is a prominent Angolan general in the Lunda Norte Province.
Angola–India relations refers to the international relations that exist between Angola and India.
Events in the year 2022 in Angola.