Angola: Angolan mining potential in focus in South Africa

4 February 2008

Luanda, Angola, 4 Feb – Angola’s mining potential is to be presented until Friday in Cape Town, during an annual conference on investments in the mining industry, the Angolan minister for geology and mining.

Mankenda Ambroise said that the conference, entitled “Investments in mining to discover Angolan mining wealth,” has been organized by a US association and aims to attract investment to the Angolan mining sector.

Speaking to Angolan news agency Angop, the deputy minister said at the conference projects would be identified that required investment from foreign private operators.

Angola is a country recognized as being particularly rich in mining resources as it is estimated that 35 of the 45 most important minerals in world commerce are found there, particularly oil, natural gas, diamonds and phosphates, as well as iron, magnesium, gold and ornamental rocks, amongst others.

The studies carried out indicate that Angola has phosphate reserves of an estimated 150 million tons in the provinces of Cabinda and Zaire, in the north of the country, which are not currently being mined.

In the provinces of Namibe and Huíla, in the southeast of the country, there are important marble, granite and quartz deposits, whose current levels of mining could be substantially increased.

In terms of iron, annual production totaled almost 6 million tons before Angolan independence, via mines locate din the provinces of Malanje, Bié, Huambo and Huíla. (macauhub)