Luo diamond mine beats challenges

摘要

Angola's soils reportedly contain a quarter of the planet's kimberlites, diamond-rich deposits held in subterranean volcanic formations. In March 2003, a joint venture formed to tap the nation's massive kimberlite potential at the Luo-Camatchia-Camagico diamond mining concession, which spans 116 square miles in the northeastern province of Lunda Norte. The Luo consortium is comprised of the staterun diamond group Endiama, two Angolan holdings called Hipergesta and Angodiam, and Escom, the mining division of Portugal's Espirito Santo investment group.