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Catoca firm pledges to keep levels of diamond production

23 september 2009

Catoca Mining Society will keep the levels of exploitation despite the current international economic and financial crisis, Angop reported.
This was said this Tuesday in the coastal Kwanza Sul Province by its CEO, Ganga Júnior.
Speaking to ANGOP, in the second consultative council of the Geology and Mining Ministry, Ganga Júnior, said that the current economic crisis in the world is being faced by the sector in a difficult way, but he secured that there are signs of recovering the levels of diamonds sale by Catoca.
Ganga Júnior said that the company is indeed experiencing the effects of the economic crisis, but Catoca has adopted cautious measures to fight against this situation, with measures like the reduction of expenses, keeping the levels of production and manpower.
According to the CEO, Catoca was readapted to the functioning methodologies and the crisis is an opportunity for the company to strengthen its work mechanisms and improve its activity.
In 2008, Catoca sold 6.3 million carats, recording a slight recovery compared to 2007, in which 6.1 million carats were sold.