Angolan government plans to diversify mining sector

9 December 2009

Luanda, Angola, 9 Dec – The Angolan government plans, over the next four years, to diversify mining in order to reduce dependence on diamonds and increase revenues by selling other minerals, according to the programme of the country’s Ministry for Mining and Geology.

The programme document, cited by Angolan news agency Angop, said that the new strategy for diversification would make it possible for Angola to have a more competitive mining policy on a regional and international level, and on that basis attract the investment needed for sustainable development of the sector.

The document noted that it was urgent to encourage the rational use of raw mining materials to ensure the support of the national manufacturing industry, construction and agriculture.

The sector will also invest in training directed at national staff to ensure supervision and inspection of mining activities and the implementation of social activities and projects in the sector.

According to geological data, Angola is 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. (macauhub)