Angola attends African Mining Conference

7 February 2012

Luanda, Angola, 7 Feb – A delegation of the Angolan Industry Ministry, headed up by its minister, Joaquim David, is in Cape Town, South Africa, where it will be taking part in the African Mining Conference on Thursday, Angolan news agency Angop reported.

Speaking to the agency, the minister said that the meeting, in which some 1500 delegates from across the world would be taking part, would be looking at new technological developments in each country and the need for new investments in the mining sector.

Joaquim David said that the Angolan delegation would present the country’s new mining code at the conference, as well as explaining that the country is welcoming and open to investment in the mining sector.

The new Mining Code, which sets out rules that are compatible with international markets, was a result of changes to sector legislation, particularly new legislation applied since the 1992 elections.

The minister said that on the sidelines of the conference he would be seeking out the executive of large companies and encouraging them to go to Angola and invest not only in the diamond sector but also in other minerals.

“We want to motivate those companies to have a greater presence in Angola not only in mining diamonds but also other minerals such as iron, copper, zinc and gold,” he noted. (macauhub)