State company Ferrangol prepares to prospect for minerals in Angola

14 October 2014

Angolan state company Ferrangol, the mining rights concessionaire, is preparing projects for mineral and precious metal exploration, including gold, iron and manganese in several Angolan provinces, the company’s chairman said.

Diamantino Pedro Azevedo said that prospecting would mainly take place in the provinces of Huila, Cabinda and Kwanza Norte, but noted that the activity could be extended to other parts of the country and to other minerals.

“We have no production project, all we have is prospecting projects,” Azevedo said Monday after meeting with the Minister of Geology and Mines, Francisco Queiroz, who paid a visit to the company.

Iron prospecting is also underway in Cassinga, Huíla, and Cassala and Kitungo, in Kwanza Norte, with a view to extracting and processing iron ore.

“Ferrangol is the Sonangol [Angolan state-owned oil company and concessionaire] of our common minerals,” Queiroz said at the time. (macauhub/AO)