Angolan government to publish Mining Code and National Geology plan in February

27 January 2014

Angola’s Ministry for Geology and Mining plans in February to publish the country’s Mining Code and the National Geology Plan (Planageo) to attract investors, Minister Francisco Queiroz said in Luanda Thursday.

Noting that the documents would be published during the International Mining Fair, held in South Africa, the minister said that for the National Geology Plan interested parties would be informed of what it “represents for Angola, the stage it is at, when it will start producing results and what is expected of them.”

“Mining Indaba is large international geology and mining and related services fair and we always take advantage of it to raise awareness of our potential, attract the interest of investors and drive further investment,” noted Queiroz speaking to Angolan news agency Angop.

According to the minister raising awareness of this potential is intended to pique the interest of the investment community not only in mining itself but also in processing mining products.

“We want exploration to go further than removing the minerals from the ground and exporting them, and we want to process them locally,” he noted. (macauhub)