Angola to map its natural resources in the next three to four years

6 February 2013

Within the next three to four years Angola will have a complete map of all the mining resources in the country, the Ministry for Geology and Mining, Francisco Queiroz said Tuesday in Cape Town, South Africa.

At the end of a meeting with the Japanese Minister for the Economy and Industry, Isshu Sugawara and representatives of US company LKI, the minister said that from then on would be the time to start attracting investors both from Japan and other countries.

According to Angolan news agency Angop, Queiroz said that countries such as Australia, Canada and South Africa had carried out the same work, that is first identifying their resources, then reserves and later attracted investments to the respective countries.

“We are more or less on the same path, but it is broader and a little more systematic”, said the minister, at the end of a meeting held on the sidelines of the 19th International Mining Conference (Mining Indaba), held in Cape town from 4 to 7 February.

“We expect by 2014 to be able to bring new commercial operators to the market”, the minister said, adding that his ministry was working on updating the new model for commercialisation of minerals. (macauhub)