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Category: Mining

Local Gold Mining

Angola Warns Gold Miners in Cabinda Over Non-Compliance

Most mining companies operating in Angola’s Cabinda province, particularly in the gold sector, risk losing their exploration licenses due to non-compliance with government regulations, warned Angola’s Secretary of State for Mineral Resources, Jânio Corrêa Víctor, on Saturday. Speaking to the press during a two-day working visit to Cabinda, Víctor revealed that out of 11 licensed gold projects in the province, only one has delivered tangible results, while the rest remain inactive. He noted that Angola

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Corporate News Gold International Mining

B2Golds Otjikoto Mine Record Production and Strategic Growth Plans for 2025

B2Gold’s Otjikoto Mine in Namibia, in which the company holds a 90% interest, had a strong performance in 2024, producing 198,142 ounces of gold, nearly at the midpoint of its guidance range of 185,000 to 205,000 ounces. For the year ending December 31, 2024, the mill feed grade was 1.87 g/t, with mill throughput at 3.34 million tonnes, and a gold recovery rate averaging 98.6%. In the fourth quarter of 2024, the Otjikoto Mine produced

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Local Mining News Partnerships

Angola and Oman Forge Energy and Mining Partnerships

Angola and Oman have signed a landmark agreement and two memoranda of understanding (MoUs) to strengthen collaboration in the energy and mining sectors. The agreement, finalized during Angolan President João Lourenço’s official visit to Oman on December 19, grants Oman a stake in Angola’s Catoca and Luele diamond mines, two of the country’s significant mining assets. The first MoU establishes a framework for cooperation in energy development, while the second focuses on exploring strategic financing

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Local Corporate News Mining Oil

Dangote Group Eyes Investment in Angola’s Mineral Resources Sector

The Dangote Group, a prominent Nigerian multinational, has announced plans to invest in Angola’s mineral resources sector and collaborate with Sonangol to support the Lobito Refinery project. This announcement followed a meeting in Luanda on Tuesday between Dangote Group CEO Aliko Dangote and Angolan President João Lourenço. According to a statement from CIPRA, the discussions covered oil and gas production, sugar, and cement. Speaking to the press, Aliko Dangote highlighted the similarities between Angola and

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Local Expos & Events Mining News

Minister Azevedo Invites Investors to Discover Angola’s Resource-Rich Potential

Last week, Angola unveiled 16 prime areas available for mining investments during the “Angolan Mining Business Forum” in Johannesburg, South Africa. The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, invited investors to witness Angola’s vast potential firsthand, emphasizing the country’s extensive natural resources and attractive business environment. “Come to Angola and see for yourself. We have land, high mining potential, robust infrastructure, an investor-friendly legal and tax system, and a skilled, young workforce

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Local Gas Mining News Oil

Diamantino Urges Mineral Sector to Align with Global Energy Transition Goals

Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has called on national companies in the mineral exploration sector to invest in the global energy transition, emphasizing the need to address the country’s current and future challenges. During his visit to Cuanza-Sul, the minister highlighted the importance of exploiting natural resources sustainably to benefit the population. Regarding the ongoing ban on quartz and gypsum exploration, Minister Azevedo clarified that the government has established a

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Diamonds Gold Mining Mining Projects

Angola Advances Gold and Diamond Projects Amid Expansion of Mining Sector

Angola is currently undertaking 38 gold prospecting projects worth $120 million and is developing a refinery expected to be operational by 2025, according to the Minister of Mineral Resources, Oil, and Gas. The announcement was made during the 1st edition of “Conversations without Makas,” an event promoted by economist Carlos Rosado de Carvalho. “We are building a gold refinery in Luanda. Production is still very small, but the potential is great in several provinces,” the

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Oil Economy Local Mining News

Angola to Invest Over $72 Billion in Oil and Mining by 2027

Investments in Angola’s active oil concessions, excluding new blocks auctioned, reached $47 billion between 2018 and 2022 and are projected to exceed $72 billion between 2023 and 2027. This information was provided by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, during the first edition of “Conversations without Makas,” hosted by economist Carlos Rosado de Carvalho. The event focused on the future contributions of oil, gas, and critical minerals to Angola’s economy. Azevedo

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Local Mining News

Angola’s Council of Ministers Approves Laws to Boost Local Processing of Quartz and Gypsum

The Council of Ministers in Angola has approved a series of laws aimed at prohibiting the export of quartz and gypsum, emphasizing the importance of transforming these mineral resources domestically before export. This initiative seeks to enhance the manufacturing industry, generate employment, facilitate skill transfer to the national industry, and ensure revenue for the State, according to a press release issued after the meeting held on Friday. During this seventh ordinary session, chaired by President

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Local Mining News

Mavoio Mine Set to Begin Copper Production in 2025

Janio Correa Victor, the Secretary of State for Mineral Resources, announced that the Mavoio mine, located in Maquela do Zombo, Uige, is expected to commence copper production next year. Currently, equipment is being installed at the site following comprehensive environmental and economic analyses to facilitate the transition into the production phase. Speaking at a conference on investments in the mineral resources, oil, and gas sectors, Correa Victor emphasized the project’s potential to significantly boost both

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