Demand for critical minerals is increasing “at a galloping way”, without being accompanied by supply, creating a “huge opportunity” for Angola to position itself as an important player in the sector, according to a manager at the Pwc consultancy. Alexandra Moutinho presented this Wednesday the study “Mine 2022”, which focuses on the largest companies in the sector (“Top 40”), describing 2021 as an exceptional year for the industry, in which profits grew 27 percent to
The Geological Institute of Angola (IGEO) and the Korean Association for Economic Development of Africa (AKEDA) signed, Sunday, in Seoul, South Korea, an agreement with the objective of creating a working group to define the terms and conditions of prospecting and research projects for world-class mine exploration in Angola. According to a press release sent to Jornal de Angola Online, the agreement was signed in the presence of the Plenipotentiary Ambassador of Angola to South
12 projects were licensed for the production and export of gold, but only 5 started. At a time when the 1st stone was laid for the construction of a refinery. Seven of the 12 projects licensed for the production and export of gold in Angola have not started activity, reveal data from the Ministry of Mineral Resources, Oil and Gas (MIREMPET) released at the time of laying the foundation stone for the construction of the first
Angola represents one of the richest mineral markets in the world, with sizeable gold, diamond, iron ore and rare earth minerals leading to the development of large-scale mining operations across key basins. At the forefront of the country’s mineral wealth is the diamond sector, with the $1.2 billion industry positioning Angola as the fourth largest producer globally and the second largest in Africa. Now, with ambitions to further diversify the economy on the back of
De Beers Group announced in April this year that it had signed two Mineral Investment Contracts (MICs) with the Government of Angola for licence areas in north-eastern Angola. The signing of the MICs followed the announcement in late 2021 that De Beers had applied to explore in Angola following substantive reforms in the country’s diamond sector. The MICs for the two licence areas are for the award and exercise of mineral rights covering all stages of diamond
De Beers, the world’s largest diamond miner by value, has inked two mineral investment deals with the Angolan government granting the company exploration rights for 35 years in the country’s northeast. Each concession area will be held by a separate new joint venture between De Beers Group and Endiama, Angola’s state-owned diamond company, the parties said. De Beers, a unit of Anglo American (LON: AAL), will hold a “substantial” majority of the new joint ventures, it said, without specifying
Angola has seized a stake in the nation’s biggest diamond miner, from LLI International, a unit of China Sonangol, that was previously a well-connected Chinese investor in the country. “The attorney-general’s Office of the Republic of Angola blocked LLI’s participation in Catoca in 2021 and transferred control of this 18 per cent stake to the state body IGAPE,” which manages government shares in companies, Catoca said in a statement released this month. The move gives Angola 59
As Angola celebrated the 37th anniversary of Mining Labor Day this year, strategic developments across its mining sector are positioning the country as a globally competitive mineral producer While Angola takes the place as the third-largest oil producer in Africa – with production measured at 1.14 million barrels per day in 2021 – the country has also recently made headway in mineral wealth extraction. In 2022, the Ministry of Mineral Resources, Oil and Gas is
