Mine project to get under way in Angola’s Kwanza Norte

11 January 2010

Ndalatando, Angola, 11 Jan – Angola’s Empresa Nacional de Ferros (Ferrangol) is set to launch a mine exploitation project in Kwanza Norte province under the terms of public-private partnerships to be established this year, the company’s president has stated.

Ferrangol holds concession rights for the prospecting, extraction and transformation of minerals such as iron, manganese and gold in a 37,000 square kilometre area of Kwanza Norte, said Diamantino Pedro Azevedo after a meeting in Ndalantando between delegations from the Ministry of Geology and Mines and the provincial government.

The project, whose costs he did not reveal, will be located in the Kassala Kitungo reserve, which also includes the Saia deposits in Cazengo, Kitungo, and Novo Oeiras in Kambambe, and will be established via partnerships, Azevedo explained.

The project launch, which has been endorsed by the Ministry of Geology and Mines, only awaits approval by the Council of Ministers, he said.

The Kassala Kitungo project is linked to the Kassinga mine project in Huila province, where Ferrangol also holds exploitation rights, and should begin with the extraction and transformation of iron to obtain steel and of manganese for iron alloy production in an ironworks to be installed in the region.

Studies conducted during the colonial era indicate that Kassala Kitungo has an estimated 600 million tonnes of iron reserves, of which 100 million are proven, and 35 million tonnes of manganese, the Ferrangol executive said.

The financial stakes of future partners have yet to be determined, though the company will reserve for itself the right of biggest shareholder, Azevedo said.

Ferrangol is a mining company with public capital and holds concessions to exploit mineral resources in Kwanza Norte and Huila provinces. (macauhub)