Fucauma Diamond Mine

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.

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. Cite web|url=http://www.transhex.co.za/financials/ar2004/transhex_ar2004.pdf|title=Annual Report 2004|accessdate=2008-04-29|publisher=Trans Hex Group|year=2004|format=PDF] The Fucauma mine is expected to produce approximately 480 carats over a four-year period, providing earnings of US$70 million.Cite web|url=http://www.angola.org.uk/newsletter85.htm|title=New Diamond Mining Contracts Signed|accessdate=2008-04-29|publisher=Embassy of Angola UK: Press Office|year=2002-10|work=Newsletter No. 85]

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