Taadeen, a subsidiary of the Omani Sovereign Wealth Fund, has officially become a shareholder in the Catoca Mining Company following the signing of a public deed on Monday, May 26.
The formal entry was confirmed in a statement issued by Angola’s Ministry of Mineral Resources, Oil and Gas.
The agreement, signed by representatives of the involved companies, marks Taadeen’s acquisition of shares previously held by Angola’s state-owned diamond company, Endiama EP.
According to the Ministry, this development follows the exit of Russian mining giant Alrosa from the Catoca Mining Company, with its shares transferred to Endiama.
Subsequently, Catoca also withdrew from the capital structure of Sociedade Mineira do Luele. The vacated shares were transferred to Taadeen, which now becomes a shareholder in Luele as well.
These changes align with Presidential Order No. 17/25, completing the negotiation process and formalizing the new corporate structures of both Catoca and Luele.
The signing ceremony was attended by Jânio Corrêa Victor and José Alexandre Barroso, Angola’s Secretaries of State for Mineral Resources and for Oil and Gas, respectively.
