Angola is attracting the attention of major mining companies, with the minister of mines announcing that several mining giants have shown interest in investing in the country.
“We managed, in the last term, to bring to our country two large mining companies, Rio Tito and Anglo American. We [also] managed to get De Beers back to Angola,” Minister of Mineral Resources, Diamantino Azevedo told a mining conference in Lunda.
“Today we had the pleasure of witnessing the signing of two mining investment contracts for copper prospecting between the National Agency for Mineral Resources and Ivanhoe Mines. It is another great company that has concluded that Angola is a good country to invest in."
The Angolan government and De Beers inked two mining investment contracts last year for diamond prospecting in the provinces of Lunda Norte and Lunda Sul.
Initial data suggested that the two concession sites possess substantial geological potential.
De Beers had previously expressed its support for the advancements made by the Angolan government, which included increased transparency in the diamond mining sector and the division of authority among the relevant governmental entities.
Meanwhile, Azevedo said that the mining industry is actively involved in decarbonisation efforts and the mitigation of greenhouse gas emissions.
He said that Angola rejects unjust energy transition mandates in favour of a sensible, equitable transition that considers the country's interests and requirements.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
