Brazil’s Vale do Rio Doce and Mineira de Angola set to receive licenses for iron mining

24 May 2006

Lisbon, Portugal, 24 May – Brazilian mining company, Companhia do Vale do Rio Doce and Angola’s Companhia Mineira de Angola are at the head of the shortlist for receiving licenses for iron mining in Angola, the Africa Monitor newsletter reported.

The announcement of the public tender has been put off by the Angolan government until the end of the year in order for it to coincide with the re-launch projects for manganese and the steelmaking industry, the newsletter added.

For iron mining the main candidates are Gevale, a joint venture between Rio Doce and politician and general João de Matos, and Companhia Mineira de Angola, the former Companhia Mineira do Lobito.

Africa Monitor also reported that businesswoman Isabel Santos, daughter of Angolan president, José Eduardo dos Santos, is also planning to invest in the sector, possibly in iron mining concessions.

At a cabinet meeting on May 10, Africa Monitor said, some members of the government highlighted the importance of Angolan private companies having a significant role in the concessions. (macauhub)