Mining company Bauxite Angola is open to taking on new shareholders

15 October 2012

Mining company Sociedade Mineira de Investimentos Bauxite Angola is open to the possibility of new shareholders, in order to boost its share capital, said mining engineer Guilherme António in Luanda Saturday.

António, who gave the information to Angolan news agency Angop, said that finding new shareholders was one of the reasons that the company had taken part in the Angolan International Mining Fair (FIMA).

António also said that the company has made use of the fair to publicise its mining operations and investments in a number of areas, as since September 2007 it has had mining rights for bauxite (aluminium oxide), in Guinea Bissau, as well as concession for bauxite prospecting in Angola and Guinea Conakry.

Another technician from the company, engineer Manuel Valentim, said that indications of bauxite had been found in the provinces of Zaire (M’banza-Congo) and Uíge and Guilherme Raimundo said that geological studies were underway that needed to be complemented with chemical and mineral tests. These would later be cross-referenced with satellite images and followed up with drilling and surveying.

“Only after those phases are concluded will it be possible to show those occurrences,” he noted.

Bauxite Angola is an Angolan company with private and state investors and was founded on 15 May, 2007. (macauhub)