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Category: Mining

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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Local Mining News

Pensana’s Geraldine Tchimbali Nominated for WIM100

Geraldine Tchimbali, the country manager for London-listed Pensana’s Longonjo rare earths project in Angola, has been nominated for the prestigious 100 Global Inspirational Women in Mining (WIM100). This biennial publication, released by Women in Mining UK, celebrates the accomplishments of women in the global mining industry. “[Geraldine] has been an enthusiastic member of the exploration team, contributing to potentially significant discoveries at the Coola project, located 75 km north of Longonjo,” said Pensana Chairperson Paul

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Local Mining News

Pensana Secures Additional Working Capital Through Share Sale

London-listed Pensana has announced that Chairperson Paul Atherley has sold 1.5 million ordinary shares to provide additional working capital for the company. This move follows a £2 million facility made available to the company by two of its directors in March. The proceeds from the sale will be used to contribute £250,000 under this facility, supporting the company while it finalizes its primary fundraising for the Longonjo rare earths refinery project in Angola. To avoid

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Local Mining News

Angola Advocates Stronger Cooperation to End Illegal Mining Practices

On Monday, Jânio Correia Victor, Secretary of State for Mineral Resources, emphasized the need to enhance interaction between the Ministry, Provincial Government, and municipal administrations to combat illegal mineral exploitation, which poses risks to the environment. This statement was made during a visit to Sumbe, Cuanza-Sul province, where he met with Governor Job Capapinha. During the visit, Victor outlined the purpose of the assessment focused on the current state of mineral resource exploration, particularly quartz

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