Angola: BHP Billiton invests US$63 million in Angola

11 February 2008

Luanda, Angola, 11 Feb – Australian mining group BHP Billiton, the partner of Portuguese company Escom Mining in carrying out geological surveys for diamonds, has invested US$63 million in Angola, the head of the company in Angola said.

According to a report in newspaper Jornal de Angola, Paulino Neto said that the Angolan subsidiary of BHP Billiton currently operates in the diamond sector, after having worked in the oil sector, and is now considering extending its activities to other mining resources.

The chairman of the board for BHP Billiton Angola said that the company, together with Escom (of Portuguese group Espírito Santo) is working on interpreting the drilling and surveys that are being carried out in its concession areas.

Australia-based company BHP Billiton is the world leader in the natural resources sector. (macauhub)