Unveiling the depths of Angola’s mining industry is not just about unearthing precious resources; it’s about excavating opportunities that can shape the future for the people and the nation. Dr. Benedito Paulo Manuel, the Director-General of Sociedade Mineira de Catoca, shared these sentiments in an exclusive interview with African Leadership Magazine. Dr.Manuel’s journey in Angola’s mining sector has been nothing short of extraordinary, catapulting Catoca to unprecedented levels of success and leaving an indelible mark on the industry. In this rare glimpse into his world, he shares the triumphs, hurdles, and strategic moves that have defined his impactful leadership.
A Legacy of Achievements and Social Responsibility
Dr. Manuel’s vision extends beyond the extraction of minerals; it encompasses catalysing economic and social development. In the interview, he emphasised, “We committed ourselves to be a catalyst for economic and social development.” With over 20,000 indirect jobs and a substantial investment in social initiatives, Catoca is not just a mining giant but a force for positive change. Dr. Manuel’s commitment to human capital management is evident in the company’s achievements, improved productivity metrics, and the enhancement of employee benefits. Despite global challenges, Catoca’s dedication to social development sets a standard for responsible corporate citizenship.
Navigating Challenges, Including the COVID-19 Pandemic
In discussing the hurdles faced by Catoca, Dr. Manuel delved into the challenges posed by the COVID-19 pandemic and disruptions in the supply chain. His innovative solutions, including biosecurity measures, remote work strategies, and cost-cutting measures, not only steered the company through challenging times but positioned it for continued success. Catoca’s resilience under Dr. Manuel’s leadership, maintaining production levels and social commitments despite seven months of no revenue, showcases the company’s adaptability and tenacity.
Strategies for Sustainable Profitability and Growth
Dr. Manuel underscored the importance of strategic planning in a volatile diamond sector. Catoca’s financial prowess is attributed to rigorous cost management, realistic sales price projections, and astute timing in diamond sales. The company’s future growth trajectory involves increasing diamond reserves, exploring additional kimberlites, and diversifying into other mining divisions, leveraging Angola’s abundant opportunities.
Contributions to Angola’s Investment Appeal
Acknowledging Angola’s improved fiscal and economic climate, Dr. Manuel highlighted Catoca’s financial success in 2021, earning $270 million. Operational efficiency, cost reduction, and favourable market conditions played crucial roles. Dr. Manuel emphasised the need for a supportive mining ecosystem in Angola, particularly within the supply chain, to elevate the industry’s standing and create new opportunities.
Guidance for Future Mining Professionals
Dr. Manuel offers advice to aspiring mining professionals, urging them to seek knowledge, uphold ethics, and embrace international best practices. He emphasises the broader responsibility of the mining industry to contribute to societal development and improve lives.
Defining Success and Leaving a Lasting Legacy
For Dr. Manuel, success is measured by the positive impact it has on people’s lives. His legacy is intricately woven with contributions to organisational and societal growth. Dr.Manuel envisions success as generating positive impacts through goals and actions, urging others to play a part in shaping a better future for their country and humanity. As the Director-General of Sociedade Mineira de Catoca, his impact transcends financial achievements, reflecting a profound commitment to individual well-being and the enduring development of Angola’s mining landscape.
