Fucauma Diamond Mine

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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.[1]

A feasibility study was done, which included the second phase of bulk sampling and drilling was completed in February 2004. The result of the study was a plan for a US$15 million capital expansion programme, that would lead to a full-scale mining production capacity of 750 000 m3/year that is anticipated to yield 120 000 carats in the first year of full-scale mining. Pilot production was underway early in 2005 with full-scale mining expected to begin six months later. [1] The Fucauma mine is expected to produce approximately 480 carats over a four-year period, providing earnings of US$70 million.[2]

[edit] References

  1. ^ a b Annual Report 2004 (PDF). Trans Hex Group (2004). Retrieved on 2008-04-29.
  2. ^ New Diamond Mining Contracts Signed. Newsletter No. 85. Embassy of Angola UK: Press Office (2002-10). Retrieved on 2008-04-29.


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