China Investment Fund negotiates exploration of iron ore deposits in Angola

1 August 2017

The Angolan government and the China Investment Fund (CIF) are negotiating a project to mine iron ore deposits associated with a steelworks in Kwanza Norte province, said the provincial director of Industry and Geology and Mining.

Emanuel de Sousa said this project was expected to be located in the Dondo industrial hub and added that feasibility studies are being carried out for the Cerca steel project, covering the municipalities of Golungo Alto, where the communes of Cerca and Cambambe are located.

“The project of the CIF group is located in the municipality of Cambambe, in the Muchau area, near Nova Oeiras,” Sousa said Monday in a statement to Angola’s National Radio.

The region of Nova Oeiras was the site where, in 1771, Portugal’s Francisco Inocêncio Coutinho built his first iron smelting factory, also the first of its kind in Africa.

Last July, the Angolan Minister of Geology and Mines announced that exploration of the Cassinga iron ore deposits could be resumed this year, with negotiations between state-owned Empresa Nacional de Ferro de Angola (Ferrangol) and a foreign company under way.

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.(macauhub)