Angola has a new model of governance for mining operations in 2020

4 February 2020

The mining sector in Angola, starting this year, will have a new model of governance which includes the establishment of the National Agency for Mineral Resources (ANRM) and the diamond exchange, the Minister of Mineral Resources and Oil announced on Monday in Cape Town, South Africa.

Diamantino Azevedo, speaking on the sidelines of the opening of the Indaba Mining conference, stated that, according to information disclosed by the Office of Institutional and Press Communication, that the government wants to “make the approval of investments in the sector quicker, to bring more transparency and make investors feel more comfortable.”

The minister added that, at this stage, studies are being finalised for the possible introduction of a new model, which are going according to plan, without creating instability, in the same way as has already been done in the oil sector.

Indaba Mining, an annual event, runs until Wednesday under the motto “Optimise growth and investment in the mining economy,” and the opening ceremony was attended by the South African Mining Minister, Gwede Mantanshe.

This year’s event is attended by the Presidents of Sierra Leone and the Democratic Republic of Congo, Julius Maada and Félix Tshisekedi, respectively, but the event expects to receive a total of 900 government participants, including 39 ministers and more than 600 investors.

The fair is one of the largest of the mining sector in the world, and Angola regularly participates as part of an institutional strategy aimed at attracting investments.

This year Angola is attending with nine companies, namely, the mining companies of Catoca, Cuango Chitotolo, Furi, Yetwene, Somiluana, Muapi and daiamond marketing company Sodiam, grouped in the “Angola Diamond Potential” stand. (macauhub)