Foreign companies interested in Angolan mining sector

10 February 2012

Cape Town, South Africa, 10 Feb – Angola’s minister for Geology and Mining and Industry, Joaquim David, said in Cape Town, South Africa that there was growing interest from foreign companies in operating in Angola’s mining sector.

“We have common interests as Angola also wants to diversify exploration of its mining resources, to mutual advantage,” said David as he left a meeting with several mining sector companies.

“Angola is a country that is just entering the world of the mining industry,” he noted.

The minister said that the representative of a Japanese company had shown interest in working with Angola in the mining sector, and that the steps needed for Rio Tinto to enter the Angolan market had been explained to the company.

The minister also met with representatives of Japan’s Marubeni group, which was awarded a tender to rebuild three textiles factories, including África Têxtil, in Benguela, and Satec, in Dondo.

The minister said that the Angolan government was negotiating with the Japanese government to open a credit line for acquisition of mining equipment.

Angola’s Geology and Mining and Industry Minister, Joaquim David, returned to Luanda Thursday. (macauhub)