The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, emphasized the urgent need for greater investment in the transformation of Angola’s mineral resources through the construction of more processing factories.
Speaking at the IX Extended Consultative Council in Cuito, Bié province, Azevedo highlighted the critical issue of Angola and Africa being predominantly raw material producers, exporting these materials to industrialized nations that reap the maximum benefits.
“Currently, our country still imports around 20 percent of petroleum derivatives. Therefore, we aim to promote the value chain and explore ways to add more value to our resources, both in terms of intermediate and final products,” Azevedo stated.
To curb the trend of exporting raw materials, Azevedo announced that the export of raw quartz and gypsum would be prohibited.
This decision comes as Angola now has processing facilities for these minerals, despite some still undergoing legalization.
He further explained that exporting quartz derivatives, such as silicon and metallic quartz, would contribute more significantly to the state’s revenue.
As for gypsum, its export will be banned due to its scarcity in sub-Saharan Africa, with Angola being one of the few countries with this resource. The minister assured that gypsum extraction would be reserved solely for domestic consumption.
The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, emphasized the urgent need for greater investment in the transformation of Angola’s mineral resources through the construction of more processing factories.
Speaking at the IX Extended Consultative Council in Cuito, Bié province, Azevedo highlighted the critical issue of Angola and Africa being predominantly raw material producers, exporting these materials to industrialized nations that reap the maximum benefits.
“Currently, our country still imports around 20 percent of petroleum derivatives. Therefore, we aim to promote the value chain and explore ways to add more value to our resources, both in terms of intermediate and final products,” Azevedo stated.
To curb the trend of exporting raw materials, Azevedo announced that the export of raw quartz and gypsum would be prohibited.
This decision comes as Angola now has processing facilities for these minerals, despite some still undergoing legalization.
He further explained that exporting quartz derivatives, such as silicon and metallic quartz, would contribute more significantly to the state’s revenue.
As for gypsum, its export will be banned due to its scarcity in sub-Saharan Africa, with Angola being one of the few countries with this resource.
The minister assured that gypsum extraction would be reserved solely for domestic consumption.
