ENDIAMA Mining, a subsidiary of Angola’s national diamond company ENDIAMA, has invested $40 million in the Lunda-Norte province to advance three diamond prospecting projects.
This investment, spread over the last five years, supports initiatives like the Uari and Luembe projects, which were previously facing financial challenges. According to Pedro Galiano, ENDIAMA Mining’s director-general, initial results from these prospecting activities are positive, indicating strong potential for future mining development.
The company’s efforts include employing around 600 young Angolans in Lunda-Norte, creating local job opportunities while advancing resource exploration. Environmental responsibility is also a priority, with ENDIAMA Mining allocating over $2 million since 2019 to conservation projects, aiming to minimize environmental impact and promote sustainability within its operations.
In line with its corporate social responsibility goals, ENDIAMA Mining has announced a forthcoming $2 million investment in youth training and entrepreneurship projects, set to launch in November 2025. This initiative underscores the company’s commitment to community development and skill-building, providing young Angolans with valuable opportunities in entrepreneurship and the mining sector.
These investments highlight ENDIAMA Mining’s dual focus on resource development and community welfare, aligning with Angola’s broader economic and social development objectives. Through employment, environmental stewardship, and social initiatives, ENDIAMA Mining is contributing to sustainable growth and strengthening Angola’s mining industry.
Further Africa
