Chinese group CITIC supports development of geological plan Angola

17 December 2015

China’s CITIC Group plans to support Angola in implementing the National Geology Plan (Planageo), said the group’s president, Hong Bo, after meeting in Beijing with the Minister of Geology and Mining of Angola, Francisco Queiroz.

Hong Bo expressed the group’s interest in attracting investment for geology and mining in Angola, even after the completion of Planageo, adding that CITIC wanted, in the future, to invest in Angola on the basis of credible geological information.

“The CITIC Group may be useful for investments in steel plants, construction materials and for attracting international investment and financing for the construction of infrastructure to support mining in Angola,” he said, cited by Angolan news agency Angop.

CITIC Construction, of which Hong Bo is also president, is one of the companies working on the geophysical, geological and geochemical survey and has the responsibility of building the laboratories and technical and administrative infrastructure for the Geological Institute of Angola.

The company is currently developing a business plan that gives commercial dimension to the future laboratories of the Geological Institute of Angola, facilities that can provide services to the region. (macauhub/AO/CN)