The upcoming Technical and Scientific Days of the Mining Workers’ Day, running from April 15th to 27th, will showcase significant milestones in Angolan mining, including the inauguration of the Samiluana diamond project in Lucapa and the Cácata Phosphate Exploration Project in Cabinda.
The Samiluana diamond project, located in Lunda-Norte province, boasts an estimated production capacity of 12 thousand carats per month and is set to create 762 jobs.
With a 33 percent stake from Samiluana and 67 percent held by concessionaire Endiama, the project is expected to yield approximately $77 million annually over a span of 20 years.
Meanwhile, the inauguration of the Cácata Phosphate Exploration Project in Cabinda, licensed to Minbos Resource Limited, signifies Angola’s commitment to achieving self-sufficiency in fertilizers.
This strategic move aims to bolster national agricultural production, reducing dependence on costly imports and promoting economic independence.
Under the theme “The Revolution and Perspectives of Mining Activity in Angola,” the event will also highlight governmental reforms and Angola’s participation in the Extractive Industry Transparency Initiative (ITIE) since June 2022.
Additional activities during the Mining Worker’s Days include the “Catoca Journalism Award” Gala and a seminar focusing on “Mineral Resources and the Gold Value Chain in Angola.”
These initiatives underscore Angola’s dedication to advancing its mining sector and fostering transparency in resource management.
