Sociedade de Desenvolvimento Mineiro
Encyclopedia
Sociedade de Desenvolvimento Mineiro (SDM) is a mixed Angola
n public mining
company and holds the mining rights in an area of concession of 2,950 km2, located in the hydrological basin of Cuango River, Lunda Norte Province.
As joint venture
, its board of shareholders includes the following companies: Endiama
(National Diamond Company of Angola), an Angolan public company and OMSI
(Odebrecht Mining Services Inc), a Brazil
ian private company.
Its main goals are prospecting, developing, mining and trading diamond
s from primary and secondary deposits, identified in the region of Cuango River, in the north-eastern region of Angola that produces good quality stones. Bulk sampling of river terrace gravels in the vicinity of the Ganzo, Tázua and Ginge river diversions have revealed economic diamond grades.
SDM is a successful company with active profitable operations, which has established key strategic relationships within Angola and has long been well known as a major primary quality diamond producer. Although SDM uses the most up-to-date technology
to carry out its business, it is the people it employs and the skills they bring that make the company a successful operation.
This corporation generates positive cash flow
from its tailings
operations, and it now plans to use portions of those cash flows to fund an extensive initial exploration project on key properties adjacent to its current facilities for which it currently holds the ownership and surface rights. It is considering several other significant opportunities for further expansion, and will continue to do so with the aim of further increasing revenue
s and shareholder value
for its investor
s.
SDM is one of the world’s leading diamond producers by value and has played a significant role in the transformation of Angola’s economy
and business development
. The project had a US$ 83,726,933 profit in 2001 and has approximately 2000 employees. Its president is Mr. Telirio Pinto Jr.
Angola
Angola, officially the Republic of Angola , is a country in south-central Africa bordered by Namibia on the south, the Democratic Republic of the Congo on the north, and Zambia on the east; its west coast is on the Atlantic Ocean with Luanda as its capital city...
n public mining
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
company and holds the mining rights in an area of concession of 2,950 km2, located in the hydrological basin of Cuango River, Lunda Norte Province.
As joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
, its board of shareholders includes the following companies: Endiama
Endiama
Endiama is the national diamond company of Angola and it is the exclusive concessionary of mining rights in the domain of diamonds. Angola's state-run diamond company Endiama produced 8.55 million carats of diamonds in 2010. Antonio Carlos Sumbula is the president of the corporation...
(National Diamond Company of Angola), an Angolan public company and OMSI
Odebrecht
Odebrecht S.A. is a Brazilian conglomerate in the fields of engineering, construction, chemicals and petrochemicals. The company was founded in 1944 in Salvador da Bahia by Norberto Odebrecht, and is now present in South America, Central America, North America, the Caribbean, Africa, Europe and the...
(Odebrecht Mining Services Inc), a Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
ian private company.
Its main goals are prospecting, developing, mining and trading diamond
Diamond
In mineralogy, diamond is an allotrope of carbon, where the carbon atoms are arranged in a variation of the face-centered cubic crystal structure called a diamond lattice. Diamond is less stable than graphite, but the conversion rate from diamond to graphite is negligible at ambient conditions...
s from primary and secondary deposits, identified in the region of Cuango River, in the north-eastern region of Angola that produces good quality stones. Bulk sampling of river terrace gravels in the vicinity of the Ganzo, Tázua and Ginge river diversions have revealed economic diamond grades.
SDM is a successful company with active profitable operations, which has established key strategic relationships within Angola and has long been well known as a major primary quality diamond producer. Although SDM uses the most up-to-date technology
Technology
Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...
to carry out its business, it is the people it employs and the skills they bring that make the company a successful operation.
This corporation generates positive cash flow
Cash flow
Cash flow is the movement of money into or out of a business, project, or financial product. It is usually measured during a specified, finite period of time. Measurement of cash flow can be used for calculating other parameters that give information on a company's value and situation.Cash flow...
from its tailings
Tailings
Tailings, also called mine dumps, slimes, tails, leach residue, or slickens, are the materials left over after the process of separating the valuable fraction from the uneconomic fraction of an ore...
operations, and it now plans to use portions of those cash flows to fund an extensive initial exploration project on key properties adjacent to its current facilities for which it currently holds the ownership and surface rights. It is considering several other significant opportunities for further expansion, and will continue to do so with the aim of further increasing revenue
Revenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
s and shareholder value
Shareholder value
Shareholder value is a business term, sometimes phrased as shareholder value maximization or as the shareholder value model, which implies that the ultimate measure of a company's success is the extent to which it enriches shareholders...
for its investor
Investor
An investor is a party that makes an investment into one or more categories of assets --- equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc...
s.
SDM is one of the world’s leading diamond producers by value and has played a significant role in the transformation of Angola’s economy
Economy
An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the manufacturing, trade, distribution, and consumption of goods and services of that area...
and business development
Business development
A subset of the field of commerce, business development comprises a number of techniques and responsibilities which aim at:1. Researching new types of business/products/services with an emphasis on identifying gaps in the mitigation of needs of potential clients .2. Attracting new customers3...
. The project had a US$ 83,726,933 profit in 2001 and has approximately 2000 employees. Its president is Mr. Telirio Pinto Jr.