Angolan national iron company to re-launch ore mining in Cassinga

16 November 2009

Lubango, Angola, 16 Nov – The re-launch of iron ore mining in the Cassinga region of Angola by Empresa Nacional de Ferro (Ferangol) will make it possible to create 10,000 direct jobs over the next four years, the company’s chairman said in Lubango.

Speaking to Angolan news agency Angop, Diamantino Azevedo said that the project for exploration and processing of iron ore in Cassinga, split into three phases, in the short medium and long term, would initially create 3,000 jobs, a figure that would increase as the phases were concluded.

Azevedo said that the project, which is awaiting government approval for investment to begin, could be launched within two years with the mining of 2 million tonnes of concentrated iron ore per month.

He added that some of the product would be processed in Angola and the remainder would be exported, which would imply production of 400,000 tonnes of steel per month.

“In the second phase, in the medium term, we expect to produce 10 million tonnes of iron ore derivative for export, with the remainder being used in the country, particularly at Jamba MIneira (Cassinga Nova).”

Iron ore production at Jamba was halted in the 1980s due Angola’s civil war: (macauhub)