1st International Mining Fair opens Thursday in Luanda

27 April 2006

Luanda, Angola, 27 April – The 1st Angolan International Mining Fair (FIMA) is due to open Thursday in Luanda with the presence of 115 companies linked to the mining industry, especially those from the diamond sector.

Amongst the exhibitors, who will take up two pavilions at the Luanda International Fair (FILDA), on the outskirts of the Angolan capital, are several foreign companies from Portugal, South Africa, Zimbabwe, Egypt, Namibia, India, Canada, Argentina, Zambia, Israel, Italy and Brazil.

The fair, which will be held until Sunday, will also involve Angolan companies representing every province in the country with mining activities.

Research, production, sales, equipment manufacturing and support services companies are all taking part in the fair, which aims to cover all sub-sectors of this area of activity, from diamonds to ornamental stone, as well as precious and semi-precious stones, base metals, and mineral industries.

As part of the fair, seminars will be held to analyze issues related to mining in Angola, including legislation regulating investment in the country.

Angola is recognized as having particularly rich and varied mining resources and it is estimated that it harbors 35 of the 45 most important minerals for world trade, including oil, natural gas, diamonds and phosphates, as well as iron, gold and ornamental stone, amongst others.

Despite this variety Angola’s mining industry has been restricted, since its independence, to oil, diamonds and on a smaller scale marble and granite.

FIMA has been organized by EXPOANGOLA, a company specialized in organizing fairs, and state diamond company Empresa Nacional de Diamantes de Angola (ENDIAMA), with the support of the Ministry of Geology and Mines. (macauhub)