A pig iron ore processing project in the locality of Cutato province of Kuando Kubango in Angola is due to being this year, with plans for initial production of 18,000 tons, saidWednesday in Luanda the minister of Geology and Mining.
Queiroz said the project is “at an advanced stage” and that from 2017 production will be increase to 90,000 tons of pig iron, according to Angolan news agency Angop.
The minister also said that US$226 million had already been spent on this project, which is combined with a eucalyptus plantation for charcoal production for the plant to transform the ore into pig iron.
A steel mining project is also being prepared in Cassinga, Huila province, and the first phase is planned to start between 2017 and 2018, said the minister.
During a meeting with the media, the minister said the Luache mine project would be launched in 2018, in the province of Lunda Sul, which is expected to have double the production capacity of the Catoca mine.
“It is a project that exceeds Catoca and that can contribute to doubling current diamond production, of around nine million carats per year,” said Queiroz.
The minister also gave assurances that the implementation of the National Geology Plan (Planageo) “is going well,” and is in the final phase of the geophysical survey of the country.
With an estimated cost of over US$400 million, Planageo is intended to identify the mineral resources of Angola. (macauhub/AO)