The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, invited this Tuesday 7th Feb, in Cape Town, South Africa, more than 250 companies linked to the mining sector to invest in critical miners in the country.
Diamantino Azevedo, who is participating in the Mining Fair “Indaba Mining 2023”, to attract investment in the mining sector, was satisfied with the number of companies interested in investing in the national market.
Tuesday, the day that was reserved for Angola, Diamantino Azevedo told the local businessmen present at the forum that the country is open to foreign investment, mainly in the critical mining sector.
“We brought the institutional part, where we show how companies can obtain mining rights to develop their activities in the country, as well as the infrastructures that we already have, to support the activity and, on the other hand, in addition to ENDIAMA and its associates, present other private companies, which operate in other mineral resources”, highlighted Diamantino Azevedo.
The South African mining company Tiranna Resources, one of the most renowned companies in the sector in South Africa, was the first to show interest in exploring one of the lithium deposits in the national territory.
The intention was expressed by the chairman of the Executive Committee of the South African company, Joe Graziano, in an audience he held with Minister Diamantino Azevedo, in Cape Town, on the sidelines of Indaba Mining 2023.
Diamantino Azevedo considered the meeting to be “very productive”, having stated that the Ministry is interested in the lithium exploration project, a critical ore, which is why he feels satisfied with the stage it is in, that is, for having started the mineral identification program in geological terms.
In turn, the president of the South African company said that the mining company had already done some work in the Angolan subsoil, so they were taking the next steps to achieve their objectives.
“We have completed an initial drilling program to test lithium mining and are waiting for the key results of the first program that will progress to phase 2”, he said. detail the intensive drilling program of around 5,000 meters, which increased the company’s investment by around US$5 million.
He added that “the company is also concerned with providing employment for the local population in the mining industry and identifying resources within the project area”. Lithium is a mineral used in the manufacture of batteries.
Yesterday was the highlight of the Angolan presence at the event, as it was “Angola Day” at the event, whose motto is “Investing in critical minerals for energy transition”.
