Creation of mining development body recommended in Angola

22 February 2011

Lubango, Angola, 22 Feb – One of the recommendations to come out of an official meeting of the Angola mining sector was the creation of an official body for mining development capable of providing guarantees to the business sector, according to Angolan news agency Angop.

The document produced at the end of the 1st Extended Consultation Council of the Ministry for Geology and Mining and the Ministry of Industry also called for a system of credits to be set up by the Angolan government in the first half of this year in order to provide some balance in the national market.

Approval of the mining code, the reduction of bank interest rates for mining and industrial activities, protection of exporters of national products via the creation of incentives capable of driving exports were also included in the meeting’s recommendations.

The recommendations also included creation of a regime to make obtaining working visas easier for foreign specialists, who may be subjected to pre-selection and assessments, as well as the need to approve programmes for the Energy and Water sector to support mining and industrial activities.

Transport sector programmes, with the aim of supporting mining and industrial activities, as well as improving complementary projects to prevent environmental damage were also included in the final list of the meeting’s recommendations.

The meeting was held last Thursday and Friday in the municipality of Humpata, Huíla province. (macauhub)