Angola Reports Progress on Mineral, Oil, and Gas Structuring Projects with Focus on Full Execution
Angola’s Ministry of Mineral Resources, Petroleum and Gas has reported that the country has 16 structuring projects for prospecting and exploring mineral resources, but only 11 of these are currently active.
The projects cover a range of minerals, including diamonds, iron, copper, phosphate, rare earths, lithium, and gold, with 68.75% in operation. The remaining five projects, representing 31.25%, are currently paralyzed.
The Ministry noted that, overall, indicators for project execution are satisfactory at around 69%, but emphasized the urgent need to enhance efforts to achieve full implementation of all objectives. The reasons for the inactivity of some projects were not specified.
Regarding the Angolan Gold Refinery, implemented by Endiama, the meeting highlighted that the construction of the infrastructure, acquisition of equipment, and technical training of staff have been completed.
In the diamond sector, seven ongoing projects focus on prospecting and researching primary and secondary deposits in Lunda Norte, Lunda Sul, and Malanje provinces.
As part of the sector’s 2023–2027 Development Plan, 19 diamond polishing factories are planned across three phases, with the first phase already completed at 100% execution.
In the oil and gas subsector, 64 blocks were negotiated between 2019 and 2025 under the Oil Concession Allocation Strategy, of which 37 have been awarded and 27 are still under approval or negotiation.
For petroleum derivatives, 46 privately initiated service stations were planned for 2023–2027, with 22 already completed.
Work is also ongoing to establish the infrastructure for the Petroleum Products Analysis Laboratory.
Meeting participants in Luanda emphasized that successful project execution requires the involvement of all decision-making levels in defining objectives, setting targets, and monitoring progress.
They recommended that the Geological Institute of Angola (IGEO) promote its capabilities and optimize its human, technical, and technological resources.
Additionally, the National Agency for Mineral Resources and related institutions were urged to intensify oversight and periodically monitor the development and implementation of all structuring mining projects.
