Angola is on the verge of opening its maiden gold refinery, currently being built at the Viana Industrial Complex in Luanda. The facility is expected to begin operations in the second half of 2024, with 23 young Angolans currently undergoing training in Portugal, according to a ministerial source. The Ministry of Mineral Resources, Oil, and Gas, responsible for this initiative through the Angolan company GEDANGOL, reports that construction progress on the Gold Refinery has reached
A gold exploration project was inaugurated in Cabinda province last week, representing a $15.2 million investment. This project anticipates an estimated annual production of 3,900 ounces from secondary deposits. The inauguration ceremony was officiated by Diamantino Azevedo, the Minister of Mineral Resources, Oil, and Gas, along with Cabinda’s Governor, Mara Quiosa. The project’s goal is to explore gold in Cabinda, with an expected annual production of 8,900 ounces from secondary deposits. The Ministry of Mineral
The government has implemented various measures to attract foreign investors and stimulate economic growth. These include policies such as visa-free travel for nationals of over 90 countries, the establishment of the Angola Stock Exchange, and strategic initiatives in the oil and gas industry. The visa-free travel policy aims to promote tourism and create opportunities for entrepreneurs and investors. Angola’s decision to adopt this policy aligns with similar moves made by countries like Kenya, which is
The government plans to bring the most renowned global mining operators to Angola at the 2nd International Mining Conference and Exhibition (AMC) announced on Monday in Luanda for November 22 and 23 by the Secretary of State for Mineral Resources. Janio Corrêa Victor, speaking to the press at the launch of the event taking place in Luanda, considered that “the new governance model for the mining sector has encouraged the government to create the best
According to the financial institution, which outlined three possible scenarios regarding the developments of the conflict, the price of a barrel could reach a historical maximum of $150 if the war escalates into an even larger conflict in the coming months. In this scenario of “great disruption,” the World Bank says it would be comparable to the effects of the Arab oil embargo carried out 50 years ago (specifically in 1973), during the Yom Kippur
The state-owned oil company Sonangol and Total Energies have signed a cooperation agreement in Luanda to launch a campaign to identify, quantify, and reduce methane and carbon dioxide emissions in their activities. According to Sonangol’s website, to which ANGOP had access on Friday, the operation will be carried out through a drone, supporting the decarbonization of the Angolan oil industry and contributing to cleaner energy in the country. According to the Angolan oil company, the
A total of two thousand four hundred and twenty-three former employees of mining companies that, due to financial and technical reasons, suspended their activities in the last ten years, will receive monetary compensation from ENDIAMA, with amounts going up to one million seven hundred thousand kwanzas, starting on Monday, the 30th of October. The former employees, who are already retired, will receive one million two hundred thousand kwanzas. This concerns the Mining Companies of Lucapa,
The Ministry of Mineral Resources, Petroleum, and Gas presented the “Angola Mining Conference” to the press this Monday, scheduled for November 22nd and 23rd in Luanda. The event was led by the Secretary of State for Mineral Resources, Jânio Víctor. The Angola Mining Conference is a trade show dedicated to the country’s mining industry and the attraction of partners for the mineral supply chain.
The 130 participants praised the initiative to present the country’s production chain and identify opportunities for local companies to become involved in the project called “Conexão Aebran.” During the event held on Thursday night, in addition to the welcoming remarks from Raimundo Lima, the President of Aebran – the Association of Brazilian Entrepreneurs and Executives in Angola, the event featured speeches by Diogo Gomes, the Commercial Director of the TD Hotels Group, who discussed the
Despite the Middle East tensions, oil prices have risen in the market. The Brent crude oil for December delivery fell by 1.8 percent to trade at $88.49 per barrel at 2:00 PM ET in Friday’s intraday session, while the December WTI contract also dropped by a similar margin to change hands at $83.88 per barrel. Brent has now fallen by 7 percent in the past week, while WTI fell by 4.8 percent over the same
