February 4, 2020 / 9:34 AM / 22 days ago

Angola's Endiama expects diamond output to top 10 mln carats in 2020

CAPE TOWN, Feb 4 (Reuters) - Angola’s state-owned diamond firm, Endiama, expects to increase production to 10.3 million carats this year, from 9.12 million carats in 2019, the company said in a presentation released at the Mining Indaba conference in Cape Town on Tuesday.

It said it expected revenues from diamond sales to rise to $1.65 billion in 2020, from $1.26 billion last year. (Reporting by Wendell Roelf; Editing by Susan Fenton)

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