The iron ore deposits operation in Cassinga may be resumed this year, with negotiations between Angolan iron and steel company Ferrangol and a foreign company at an advanced stage, the Angolan minister of Geology and Mines said recently.
Minister Francisco Queiroz, quoted in the Jornal de Angola newspaper, added that negotiations with “a large world-class investor” are going well and that soon company representatives will have to return to the country to carry out an additional survey.
“We hope that the project will start soon,” he added, adding that everything is being done to get the ore to the mining port of Sacomar in Namibe province.
The Cassinga integrated project, located in the municipality of Jamba, 315 kilometres from Lubango, Huíla province, includes mines in Cassinga and Cateruca, with a potential of 15 million tonnes of iron, to be explored over ten years, producing 1.5 million tonnes per year.
Ferrangol, established in 1981, focuses on prospecting, research, exploration, treatment and sale of metallic mineral resources (ferrous, non-ferrous and precious), as well as others that constitute raw materials for steel production. (macauhub)