Angola’s Catoca Mine to Increase Investment in ProductionJanuary 04, 17
(IDEX Online) – The Catoca Mining Company (SMC), the largest diamond company in Angola, aims to invest in production this year.
Catoca Mining Society Director-General, Sergei Amelin, said that to achieve these goals special attention will be paid to "the optimization and continuous improvement in the various operational processes and permanent training of staff," according to a press statement.
CMS faced a number of challenges last year, including increases in the price of equipment, materials and services and fuel, as well as the tax burden.
There were also problems resulting from the deepening of the mine while also reducing costs to the levels requested by the stakeholders, the statement added.