Portuguese 49% stake in SM Lucapa sold

The Portuguese Government just reached an agreement with ENDIAMA (state-owned Angolan diamond company) to sell SPE’s 49% share in SML – Sociedade Mineira do Lucapa (not to be confused with Lucapa Diamond Company – Lulo Project).

The 49% share was sold by $ 130 million (121 M €). The Portuguese Government has an 81% share in SPE, the balance being held by many private shareholders.

Check the news (in Portuguese) here.

Published by

Luís Chambel

Exploration & Research Mining Engineer, MSc Engineering Geology, MBA, PhD European Engineer -EUR ING; Euro Geologist - EURO GEOL

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