Endiama has signed a mining investment agreement with N’Dumba, a subsidiary of the Jean Boulle Group, for diamond prospection, exploration and commercialization.
The parties formalized the agreement at the Cape Town International Convention Centre during the Mining Indaba in South Africa, Angolan state-owned diamond-trading company Endiama said Tuesday. Angolan Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo, and the country’s ambassador to South Africa, Rui Xavier, attended the signing ceremony.
The N’Dumba concession, located in the Lunda Norte province, spans 222 square kilometers and contains both kimberlite and alluvial diamond deposits. Under the deal, the companies will establish a joint venture to oversee the exploration and mining of the alluvial deposits.
The partnership marks a further step toward Angola’s goal of expanding its diamond industry and attracting future investment in its mining sector.
Image: The two parties signing the agreement. (Endiama)
